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Doubt Over Quay!
Helps Dukakis Inch
Near Bush in a Poll
Published With Hie Ne w liork Times and The Washington Fbst
~"~~ PAMS, THURSDAY, OCTOBER 6. 1988
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By E. J. Dionne Jr.
New York Tima Service
. YORK — Governor Mi-
dad S. Dukakis, helped by tradi-
haial Democrats and by wide-
piread public skepticism about
Senato l^n Quayle of Indiana,
vice President George Bush's run-
ning mate, is dosing in on Mr.
wwh, according to the latest New
Ymt Times-CBS News Poll
"fc. Bosh led with 45 percent to
Mr, Dukakis’s 43 percent in the
poll of 1 ,034 registered voters, con-
ducted Saturday through Monday
and weighted to reflect respon-
dents hkefihood of voting.
In a Times-CBS poll taken 10
!4
L1A Keportedhr Given
I®"™ ££££s? ® F ree Rein by Reagan
days earlier, Mr. Bulled Mr. Du-
kakis by 46 percent to 40 percent
The small shift toward Mr. Du-
kakis was within the survey’s mar-
gin of sampling error of pins or
mums three percentage points. But
t h ere were several n ffier measures
also indicating that the race was
tightening.
For example, when those who
were u n decided were asked which
way they leaned, Mr. Bush had 48
parapt, Mr. Dukakis 46 percent.
Only two-thirds of the probable
electorate said thar mrnri$ were
wade up; 34 percent favored Mr.
Bnsh and 32 percent Mr. Dukakis.
Both of those sets erf figures woe
closer to one another than in the
Sept 21-23 poU
Since the debate between the two
MM dEdkwtRl
d Ktamiatirti di» njlr j
SS“sS
l«W HI**. U x
.« .k. u^'
candida te s on 25, Mr. Doka-
By Bob Woodward
and Walter Pincus
H’askatgto n Peal Service
WASHINGTON — President
grace Agency, indnding the then-
director of central intelligence,
William J. Casey, wanted such lan-
•Mlw wtbct Lrtuud J? ih- vj
Jffl.
3 W*«. lUrfurd s., E
wn: IMnddud R Pa^ ^-
£W-»iVlBJ B n.-. TOe ;
iM rrandtvc. and ManibJajiw
i .i !..;i,^c7 4 g
„ - guage to protect U^. field offices w _
Ronald Reagan signed intdligence an “ “« foreign strike teams ctm- Mr. Dc
authorizations in 1 984 and loss f OT tenqda t ed by the intdHgence find- SpMR jS E
aggressive covert onemtinne higs. the sources said. President
UtkT
ImMWV M. ( ruirftr ^ 4 ,
♦ftivlrr.: ,v, H,s>k “
lub an;: a j-r.-k’drci (/*
«{Hvul?. pam '. l.njla;. j
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t (he ,-\i s ' at ;V j j^T.'Z
fe *-d ■-- .rr;: \1 Sihtnaa;;
ts r
aggressive covert operations
against terrorists that said any ac-
tions taken under the orders would
be “deemed lawful” if cnmdu p fQ d jn
“good faith,” according to officials
. This language provoked disputes
in the government because it was
generally considered “a license to
W the officials said. As far as
could be dete rmin ed, no one was
killed as a result of the intelligence
findings that Mr. Reagan ogm-d
An Executive Order signed by
Mr. Reagan that was then — and is
now — m effect specifically bans
any direct or indirect involvement
by U-S. intelligence agents in assas-
sinations.
But key administration nffiriafe
ings, the sources said.
A key official involved with the
comuertenorist findings card the
findings were an “astounding
blank check and truly a “license to
kiD’ provision.”
A former White House official
Ids has solidified his support within
the Democratic Party base. He
scored his greatest garm over the
last several weeks among blacks,
among voters canting from $12^00
to 525,000 a year; and among those
who call themselves liberals.
Mr. Dukakis also gained ground
Democrats who voted for
at Ronald Reagan in 1984,
a key target group for both cam-
paigns.
The debate may have played a
significant role in those change
Voters were inclined to rate Mr.
D uka kis the winner erf ins detune
Kremlin Urges
Market Reform
New Chief Ideologist Calls
For Economic Flexibility
A voter in a spirited dfeenssion with a soldier Wednesday outside a polling certer'ta'sa^^r^
' * iiaum niuic ninuc oiiiciai “uuius LUC w inner or mS o**paif
called the orders the “go anywhere, with Mr. Bush. In the latest poll, 35
do anything" authority. percent said Mr. Dukakis “did the
Knowledge of this finding was best job— or won” the debate; 28
tightly hdd, bat it was known to percent said Mr. Bosh had won.
kqr officials. White House officials Immediately after the debate, sev-
have said that Vice President eral surveys, including a CBS News
George Bush would have been giv- PoU and a Gallup Poll for News-
cn a copy of, or access to, the find- week, showed the public about
Turnout Is Heavy in Chile
In Referendum on Pinochet
mg.
, . uui rey administration offidah
Uff COBURG NOTH f 10 undertake preemptive
• > iu - v A I F‘Veranons that could result in kffl-
. ..... . "1 “'I ings — for examine, bknrinv im a
t *m
m;« .'afi.
. s :«N'rv f. *:
■ r* .v,v*
n.';
w fr
„ i^i a
in fiemit
»r
m
*
.•*w
SKpIr i_\' iVK It*
Owtw »-«• rxie it-
trseV» ’ u '
ings— for
known terrorist
— to combat increasing terrorist
activity, the sources said These of-
ficials also wanted l^gal protection
from the eristmg Executive Order
that prohibited any UJS. gpvent-
soent partidpation in assasrina-
lion. the sources said.
A source said the language was
specifically designed to “cocum-
vent the assassmation ban," the lat-
est version of which was signed on
Dec. 4. 1981, by Mr. Reagan.
«. s Officials at the Central Inteffi-
{Mr. Reagan's chief spokesman
said Wednesday that die president
had never signed intelligence find-
ings or documents intended to au-
thorize assassinations by U.S.
evenly divided on which roruM**
did best.
Besides measuring the effect of
By Eugene Robinson
Washington Post Service
SANTIAGO — Mfflions of Chil-
eans stood for hours in slow-mov-
ing lines Wednesday to vote to ac-
— 0 — *# LUO.I m . — 4 , ~ " **V-
the last debate, the new poll ce P 1 m President Augusto
takes were Puiochet’s bid for eight more years
tie Associated Press reported
from Washingon.}
[But the spokesman, MariinFUz-
sbowed how high the stakes
for Mr. ^uayle in his natimntDy
water, said thoe was l»ngnay m
enceautnori-
1984 and 1985mtriKgenceawuMt- nrucu vouas were now
zarionsihatwasresdiidedinasab- they would vote if they were casting
seqund^tcSigeitcc-(kianiieai-m ballots only for president and not
May 1986. That language has been for a vice president as well, the
interpreted by some as paving the survey found that Mr. Bush’s 2-
tdevised debate Wednesday night
with Senator Lloyd Bentsen of Tex-
as, Mr. Dakakis’s running mate.
The poll found Mr. Bentsen to be
a major asset for Mr. Dukakis.
When voters were asked how
way for CIA agents to skirt the
earlier executive older.
IMr. Ktzwater denied that the
1984-1985 findings conld have
See CIA, Page 7
point lead over Mr. Dukakis be-
came a 5-point lead. This suggested
that voters' comparisons of Mr.
Quayle with Mr. Bentsen were
See POLL, Page 7
in power, embracing election ritu-
als that had gone mxpracticed since
the general look power after a mili-
tary coup 15 years ago.
Official returns from the Nation-
al Election Service are not expected
until Friday.
[As first unofficial counts came
in. pro-government news media
said there was a disnnenrend in
favor of eight more years in power
for General Pinochet Opposition
leaders said the reverse.
fWe are in a position to affirm
that the triumph of the *no’ will be
categoric and definite,” said Ricar-
do Lagos, a moderate SodaHsL
Page 13
FOR MORE
CLASSIFIEDS
Hours b^ore the polls dosed, Mr.
Lagos said: “This morning I said
we would win by 15 (percentage)
points. It will be more.**
[At the same time, gove rnmen t
news media began issuing par tial
results that pointed to a resp onding
victory for General Pinochet. The
semi-official news agency Orbe
said the te n d e ncy “confirms over-
whelmingly the forecasts delivered
this morning” — - a reference to a
government-commissioned poll
showing General Pinochet winning
55 per cent against 45 per cent for
his opponents.]
Turnout was heavy and voting
went more slowly than expected
The pace was so deliberate, m fact,
that it was the source of almost all
the irregularities opposition leaders
a led in their preliminary assess-
ments of the fairness of the vote.
Generally, though, opposition
leaders said procedures for the
plebiscite, in which General Pino-
chet stood as his regime’s sole can-
didate for president, appeared fair.
They were particularly heartened
to find significantly less of a mili-
tary presence in the streets
Wednesday than they had expect-
ed,
“Our information shows that the
electoral process is proceeding nor-
mally," said Patricio Aylwin, chair-
man of the coalition of 16 opposi-
tion parties that campaigned for a
vote against General Pinochet in
the plebiscite.
The opposition worried, howev-
er, that the long lines mi gh t dis-
By Bill Keller
New York Tima: Service
MOSCOW — The Kremlin's
new chief ideologist, moving quick-
ly to set tiie tone for the restruc-
tured Soviet leadership, has called
for more radical experiments with
market economics and rejected the
idea of a world straggle against the
West.
The speech, published Wednes-
day in the Communist Party daily
Pravda, seemed to confirm that the
shake-up of the Soviet leadership
last week was an advance for the
forces of change and a setback for
conservatives.
The ideology chief, Vadim A.
Medvedev, who was promoted Fri-
day to the ruling Politburo and
named chairman of a commission
that will oversee the party line, told
a gathering of political scientists
from Communist countries on
Tuesday that Communism was in a
period of crisis around the world.
He called for a new concept of
Communism, borrowing political
and economic ideas not only from
other Communist countries, but
even from the capitalist West.
On the two issues that had re-
cently divided top party officials —
state control of the domestic econ-
omy and the world struggle be-
tween Communist and capitalist
systems — Mr. Medvedev sided
with those who call themselves new
thinkers.
His comments were an unmis-
takable repudiation of the more or-
thodox views on domestic and for-
eign policy put forth by Yegor K.
ligachev, who earlier held the ide-
ology portfolio.
Mr. Ligachev often seemed out
of step with Mikhail S. Gorbachev,
the Soviet leader. In the reshuffle of
senior positions, be was placed in
charge of a newly created commis-
sion on agricultural policy, while
retaining Ms position as a full vot-
gents in their quest to overthrow
capitalist rulers.
Too much talk of coexistence, he
warned, “only confuses the minds
of the Soviet people and our friends
abroad."
Where Mr. Ligachev has scorned
the Western idea of free markets as
anathema to Communism, Mr.
Medvedev described the laws of
supply and demand as the only way
to produce a flexible economy.
“The market is an indispensable
means of gearing production to
fast-changing demand, and a major
See SOVIET, Page 7
Soviets Drop
Demand in
Arms Talks
m^member of the Politburo.
courage some people ftornvoting,
ed that the govem-
lUTOYU
JYFSS
and complained 0
ment had apparently not provided
enough voting tables to handle the
See QHLE, Page 7
Kiosk
Reagan Studies
Contra Arms
WASHINGTON (AFT) —
President Ronald Reagan is
considering asking Congress
to supply Nicaraguan contra
rebels with $16.5 million
worth of weapons stockpiled
in Honduras, the White House
announced Wednesday.
Oil Prices
Fall Again
On Glnt Fear
Congressional approval of
the possible request will be dif-
ficult to obtain because the
House of Representatives and
the Senate hope to adjourn for
l, the year next week, to allow
If legislators up for re-etectioo in
q November to campaign.
Congress rejected a request
by Mr. Reagan for renewed
military aid on February 3,
and weapons deliveries to the
contras were formally halted
on Feb. 29.
W-“-
Compiled fy Our Staff From Dispatches
NEW YORK — Oil futures
prices, battered by bearish news,
did Wednesday to set fresh 26-
month lows.
November futures tumbled weD
below $13 per bared mi the Mer-
cantile Exchange, raising the possi-
bility of a price crash matching the
one in 1986, analysts said.
“There is a chance prices could
drop to the 1986 low of $9.75 a
bared unless there is a significant
drop in OPEC production,' —
Andrew Lebow at ED. and F. Man
International Futures Tnr
At the dose on the New York
market. West Texas Interm edia te,
the benchmark UJS. crude, was
down 47 coots at $12.60 per band
The market, hit Tuesday by the
statement from Saudi Arabia that
it would not rein in oil production
f theOrgani-
while other members of i u ....
ration of Petroleum Exporting
Countries exceeded cared quotas,
found fresh cause for
worry.
Reports of heightened ou tan fere
* *
.tf. -i
A
NYT
VOLVO
s mon£ y
iV°
President Jos£ Eduardo
dos Santos of Angola pre-
dicted an accord soon on a
Cuban puBout and Namib-
ian independence. ~
firin g out of the Gulf faded fears
that overproduction would contin-
ue. The American Petroleum Insti-
tute reported a sharp rise in UB. oil
stocks. And rumors drcnlated that
k planned to quit OPEC The
rumors were demed.(Page 9)
(AP 3 Remen)
Egyptians
Resurrect
A Parade
Egyptian special
forces displaying self-
defense techniques on
Wednesday at a rmUtary
parade in Cairo
marking the 15th
anniversary of the
1973 Arab-Isradi war. It
was the first such
parade since President
Anwar Sadat was
assassinated at the same
event on Oct. 6, 1981.
The revived event was
televised, but only Mr.
Sadat’s successor, Hosm
Mubarak, and a few
other officials woe
allowed to watch in
person.
Ream
JC move is thought to have di-
minished his influence over ideolo-
gy and foreign policy, although it is
too early to say that conservatives
have been vanquished or silenced.
The speech published Wednes-
day di^iels some uncertainty about
Mr. Medvedev, who had alow pub-
lic profile before his ascent last
week into the inner chela
In his call for a flexible, experi-
. mental approach to Co mmunism
Mr. Medvedev echoed Alexander
N. Yakovlev, the Politburo mem-
ber upon wham Mr. Gorbachev is
thought to lean most heavily for
intellectual counsel.
The new ideologist and Mr. Ya-
kovlev served together as deputies
in the CommumsL Party propagan-
da department in the eariy 1970s.
On the question of the Soviet
rofe in the world, Mr. Medvedev
rejected the notion of a stru ggl e to
the death between Communism
and capitalism.
“Present-day realities,*’ be said,
mean that “universal values" such
a s avoi ding war and ecological ca-
tastrophe most outweigh the idea
of a struggle between the classes.
“Peaceful coexistence, as we see
it today, is a lengthy, long-term
process whose histone limits are
difficult to determine,” he said.
While Mr. Gorbachev was on
vacation in August, Mr. Ligachev
argued in a speech in Gorky that
Soviet foreign policy must be based
on worldwide class struggle, code
for supporting Communist insur-
By Michael R. Gordon
New York Times Service
WASHINGTON — The Soviet
Union has withdrawn a demand
that has held up new East-West
talks on cutting conventional anus,
according to Reagan administra-
tion officials.
They, said ihe Russians had
dropped their demand that defen-
sive fighter aircraft be excluded
from the talks. The change caim»
when the Soviet foreign minister,
Eduard A. Shevardnadze, met with
Secretary of State George P. Shultz
in New York last week.
The Soviet move means that the
two sides basically agree on
weapons to be discussed, 1
they do not agree that there :
necessarily be limits on all those
weapons.
Ground-based weapons and air-
craft will be the focus of discussion,
and naval farces, chemical weap-
ons and nuclear weapons are to be
excluded.
the
But the two sides do not entirely
agree on the territory that would be
rramirl Un <L n
covered b^r the talks, which are sup-
n the
posed to deal with forces from
Atlantic to the Urals.
Western nations want to exclude
Turkish forces deployed in Turkey
near Iraq and Iran, but at the same
tone to indude Soviet forces in the
Caucasus.
Soviet officials have argued that
if some Turkish territory is exclud-
ed, some Soviet forces in the Cau-
casus should also be excluded.
Moreover, Western officials say
the talks on conventional arms can-
not begin until differences over hu-
man rights are worked out in the
talks in Vienna to follow up the
1975 Helsinki Accords.
.Despite these differences, ad-
ministration officials say the latest
Soviet move is an important proce-
dural step toward preparing the
mandate, or guidelines, for the new
conventional arms talks.
Western nations had firmly re-
jetted the Soviet demand to ex-
dude defensive interceptors from
the new arms talks while including
offensive aircraft used to attack
ground targets.
An ad min istration specialist said
Tuesday that the Soviets had ap-
parently intended to focus on air-
craft in which Western nations
See ARMS, Page 7
New Plague of Locusts
Stirs Fears in Africa
After Huge Swarm. Covers Khartoum,
Worst Damagi
Can o ral Haws
About 2 . 0 W Yngorf
entered the parunm
grade in a protest
workers
lin Bd-
Page 2.
Fashion
Italian designers have softened
the sexy look and are length-
ening skirts and pants. Page 7.
Business / Finance
The U.S. thrift regulatory
agenev raised its estimate of
the cost of an industry bail-out
to $50 billion. Page 9.
UP
445
The Dollar
10 New V-or*
DM
1.8645
Pound
1.695
Yon
13135
FF
6.347
Basic Thatcherism
By. Craig R. Whitney
New York Tima Service
OXFORD, England — Matthew Arnold, professor of
poetry here from 1857 to 1867, described it as “that sweet
dty with her dreaming spues.” But here and at evay other
British university, the ivory tower is tumbling down.
Already reding from the effects of government budget
aits that have left the Oxford dons unable to fill 120
vacrat academic posts, the faculty is losing one of its most
sacred privileges: academic tenure, die right to a lifetime
-“‘rintmcnL
_ je desire of Prime Minister Margaret Thatcher’s gov-
ernment to restructure British higher education is behind
both tbe budget cuts and the abolition of tenure. Bui more
fundamental questions about whether elite liberal arts
education has any special claim on popularly elected
government, even one in which 14 out erf 22 Cabinet
ministers went to either Oxford or Cambridge, have now.
become tbe talk of luncheons and faculty meetings here.
Tenure had to go, the government said, because the
university system had to be run efficiently, just like any
other government business, and there had to be some way
dSsSr
re dundan cy" or 'ffor good canre
Qriy deft maneuvering in the House of Lords by a
member who is Oxford's chancellor, Roy Jenkins, suc-
ceeded in preserving a guarantee of academic freedom in
thfi aw ramfimnn rkA* — * ■- --
R llt mj/u 7 Iia* in luswg 1 enure.
hut nesaidhe was more concerned about finding ways
The former president of Yale University and now mas-
r of Umwnaiv tnlW» v- n_ . . ,
the law, £ lertftl
TSSSS ^S ^ * *— of comrovnsM -^««ta 3 £®SjS 5 Eift, de ASlfli!
“to* ».S? the tea periodic review of theMder's postal! 5
1 UUIUW JUUA
Next time, all the university has to do is not renew the
See TENURE, Page 7
By Mary Battiata
Washington Port Service
KHARTOUM, Sudan — An
enormous swarm of desert locusts
swooped, flattered and streamed
over this African capital for more
than two hours recently.
The swann was the advance
guard of what entomologists here
say is the worst locust plague to hit
Africa in more than 30 years.
From a distance, they looked lfW>
pink smog, a pearly snudge across
iIia IkJaL* VI.. a. -I »TL
„ , .p m wim
50 kilometers wide by a half kilo-
meter deep (30 miles wide by a
third of a mile deep). Up close, the
effect was more biblical: Several
trillion bugs, according to the best
estimates, utterly silent, navigating
by some innate insect sonar over
and around turban ed pedestrians,
stalled traffic and wandering herds
of long-eared goats.
In the sunlight, their wings,
translucent and spotted like a chee-
tah's coat, ffickaed with iridescent
sparks. Thar thick, salmon-colored
bodies filled the air in classic sci-
ence-fiction fashion.
Like a snowstorm, they seemed
to muffle all sound. In the shanty-
towns that ring Khartoum, shep-
herds swatted at the swarm with
sticks and children raced across
fields, scattering locusts before
them like ocean spray.
“Garaefl" the children shrieked
in Arabic. “Locusts!”
Thai first swann is the precursor
of an infestation that could cost
hundreds of millions of dollars in
crop losses, from Sudan to Saudi
Arabia.
An estimated two to three mil-
lion hectares (five to seven million
acres) in Sudan are believed to be
infested, according to the forecasts
of UN scientists. In the next
months, these bugs are expected to
nature, flex their wings and travel
with the prevailing winds.
They may go north toward the
Red Sea and Egypt. Or east, into
Sudan s breadbasket, and on into
tuuopia. Or even southeast, into
Uganda and the deserts of northern
Kenya. No one is sure.
“Nobody knows how many mil-
lions or billions of them there are,"
said one locust-control offi cial,
“No one knows whether we’ve
killed 17.9 percent or 22 pe rc en t.
There will be major swarms, and
now it’s just a question of where
they'll go.”
Africa’s most recent major locus;
infestation lasted from 1939 to
See LOCUSTS, Page 2
-v-
2,000 Workers Enter
t ngoslav Parliament
In 2d Day of Protests
” •*
*■: i *
f
'M
.*r
■
Compiled by Our Staff From Dispatcher
BELGRADE — About 2.000
angry workers marched into the
parliament building Wednesday,
protesting low wages and demand-
ing political and economic reforms,
on the second day of labor unrest in
the Yugoslav capital.
The protesters complained that
management locked them in a fac-
tory compound in Belgrade's Ra-
kovica industrial suburb Tuesday
Parliament officials said the
workers entered the building in an
orderly fashion.
About 5,000 workers marched
Tuesday from Rakovica factories
to the parliament building in the
same protest against low wages and
the nation's economic crisis Then,
the workers did not enter the bund-
ing, whose entrance at the time was
protected by the police.
The Yugoslav economy, bur-
S&;
v-HS-H
It! Wh '% 1
morning and blocked them from dened with a $20 billion debt to
joining fellow workers in a march Western creditors, is plagued by a
to the parliament building in cen- current inflation rate of 200 per-
trai Belgrade.
Earlier, the Co mmunis t Party
cent a year and a 50 percent drop in
the standard of living in the past
leader, Stipe Suvar. announced ®8h* years,
plans for major personnel changes Mr. Suvar said the Politburo will
in the presidium, or Politburo, and meet before the Oct 17 plenum "to
for removing up to a third of the determine the criteria of possible
Central Committee, the state-run responsibility of its members'’ for
news media said. the country’s crises.
Speaking on Sarajevo television “If it fails in this, the Central
late Tuesday night, Mr. Suvar said Committee will aysnny this role
the 162-member Central Commit- and anyone who does not win two-
tee would probably vote on person- thirds of the committee's votes will
v» .. ^©>*xY-
t** -tv •••;**
m
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k v?
■*. “V ■■■
the country’s crises.
“If it fails in this, the Central
Committee will assume this role
and anyone who does not win two-
thirds of the committee's votes will
nd changes in the Politburo at a have to leave the presidium,’* Mr.
session on Oct. 17 that is expected Suvar said.
to be a major showdown between
various groups in the split party
leadership.
At the par liam ent hnilding, the
Serbian Communist party leader,
Slobodan Milosevic, pleaded for
the second day with the striking
workers to return to work. Mr. Mi-
As the top body of Yugoslavia's
lone political party, the presidium
is the most powerful body in the
country. It has 23 members, but
two men on the ruling body
stepped down last week.
In announcing that about a third
of the Central Committee member-
losevic promised the worfcimtheir ^ ^ uj be changed, Mr. Suvar
grievances would be considered. “jg a -cataemtewair was
“You ought to trust that we s ha ll expected in tbe party leaderships of
carry the reforms through,’' he said. Yugoslavia's ax republics and two
“The moment you no longer trust autonomous provinces.
us. you can replace us." There have been increasing calls
The government has announced - — - ■ 6
Apace Pnmcc-Pltne
DISARMAMENT RACE —At London's Scotland Yard, pofice officials on Wednesday load onto tracks some of the more than
35,000 firearms and 1 million rounds of ammuni tion turned in by Britons during tbe just-ended, mouth-long September amnesty.
Youths Riot Brazil Adopts Its New Constitution ,
Over Algeria Widening Civil and Labor Rights
T iitim rr g* net By Marlise Simons less nourished and less educated times its normal size — pacta
LdYUIH VtUOl ,v w Yak Times Service than before. with new decrees, admunslratr
L- RJO DE JANEIRO After al Att«„rw,n *k^ iwomnmK vn Afln0K transfers and nonun
most 20 months of intense bargain-
CompileJ ty Our Staff From Dispatches
less nourished and less educated
than before.
uTvn^^nS » g ® trU5t autonranousprovinces. ALGIERS - Gang; trf youths ^ md frequent squabbles, the
nnnniirrlv) There have been increasing calls noted m the center of Algters on Brazilian National Congress pot a
it has armounced ^ p U ^ c f or top-level personnel Wednesday, causing extensive new constitution into effect on
changes as economic amTpditical ctamage during a protest against Wednesday, a step hailed as crucial
my mechanisms to the socialist mmmL ^ the high cost of living. . L . JL — -m~. r —
lrf, the *«» >><*” bhBK ^ for 10 n‘-p°*xM°0L-in,'n r m. acmoTMp“u6mm^
1 he -.UOO workers then left the jjl™ hetwm the most- mediately, a police spokesman -n,- nAiu rnnefthitinn
in the country's transition from
h, defuse tensions, between the mosl-
building, where they had spent ^ Christian Slav minority and tbe
morefhan an hour talking with Modem ethnic Albanian
Yugoslav officials. SjXy, in tbe Kosovo Province.
111 "I Serbs in Kosovo charge that per-
secution by the province’s ethnic
Swedes Reject “ forcing ***
Hrvtrnl Hanntxtt Senior leaders who have been
iwyai ixequesi denounced in public lately, and are
j-i D 7 widely expected to be dismissed
rOT CL rerft during or before the plenum, in-
„ elude Stane Dolan c, the Yngoslavi-
c-mrrum ut m president, from Slovenia;
_ ^TS£yi® : r Josip Vrhovec, a Croatian member
Carl XVI GustaTs request for ^ ^ collective presidency, and
special parking privileges i° several officials from the provinces
speed the picking up of his dry ^ V qjvodina and Kosovo
In “ olher demonstration
would™..
- J53 , Wp 5-£ ft* Sa gajr a
cwinothi»«.^ ww n«£t frrr side tiie regional Communist Party
headquartersof Vqvodmn ftov-
royal necessities for the king, “P 1131 of the
Queen Silvia and other mem- P ra - vuice '
bers of the royal family. Witnesses said the policemen.
The court office added that many waring riot gear, cordoned
it was often “in the nature of off the building as a crowd surged
things" that these errands forward several times, yelling: ^We
were' ureenL will topple the government in Novi
Sad." (UPI, AP. Reuters)
medmtdy. a police spokesman ^ new constitution gives the
said. He said policemen were trying Coogress p^ers than ever
to avoid making the situation J ^ g ^ ne ^
WOrSe. nnu nlhor in clrmothvninii rivil liH-
er continents. It was Brazil's sev-
enth constitution since its
independence in 1822.
STOCKHOLM — King
Carl XVI GustaTs request for
special parking privileges to
speed the picking up of his dry
cleaning and groceries has
been rejected by the city, say-
ing such a ruling would create
a precedent
The royal court applied for
six special parking permits,
saying these were needed for
vehicles that pick up the daily
royal necessities for the king,
Queen Silvia and other mem-
bers of the royal family.
The court office added that
it was often “in the nature of
things" that these errands
wereurgenL
. . , . , „ , , any olher in strengthening civillib-
The noting began m the Bab el labor rights and social bene-
Oued quarter on Tuesday night fjtc
then spread to the city center on -j t puls m extraordinary weap-
Wednesday. Youths in the main on in The hands of the citizens,"
shopping streets broke wmdows uhsses Guimaraes, president
and stoned passers-by.
of the 559-member assembly that
The incidents coincided with a produced the documenL Under the new constitution, the this and othe
OTies of strikes that have affected proclamation abolishes the president can no longer make laws “I will not
Algerian industry and transporta- authoritarian document of 1967 bv decree, and the power of minis- a tor Feraant
□on for more than a week.
that to many B razilians was an in-
des in spite of the violence. ^ v r — ' ^ — ^
According to a source in Algiers.
Wednesday was issued £? r LOCUSTS; This Year May Be the Worst in 30 Years
derground workers leadership in- •/
dependent of the party-dominated (Continued from Page 1) locusts bred in western Sudan and & stretch and cover 300 kilometen
general union. mntimmi* Chad in late 1987 and moved in a day. Locusts eat their weight it
It was ob^ed by many workers • . . imnact northw est across the continent to grain and greenery each day. fi
asnSwsss agas sszxa-prs SrSax:
Why Americans Abroad Are Voting For
Dukakis/Bentsen
The Dukakis/Bentsen Team Stands For:
* Equitable treatment of Americans abroad.
That includes fair tax laws and citizenship requirements.
* A well-run, ethical government that helps those in need.
* Peace and security through economic and military
strength.
* Responsible world leadership.
For a Better America and a Better World,
Vote Dukakis/Bentsen.
tic Ocean to India. “r
Since then, a combination of the ™
right weather, scientific surveO- . 1
lance and judicious applications of “* e
pesticides has limited the outbreaks “°
to a few easily contained swarms in ^
Niger and Chad, locust-control ex- ^
pens say.
Two factors ensured that this ^
year would be different. The Gist f° r
was rain. Much of Africa received has
unusually gpod rain in the past year dirt
— and generous rain, especially Lo(
when it follows a period of drought. “
sends locusts into a procreative I
frenzy. hot
“The African farmer can’t win," ma
said Keith Cress man, a UN ento- pay
mologist who is studying the i
swarms and trying to predict their wei
movement. “When it doesn’t rain, Ma
the fanners' crops wither. When he but
finally gets a good rain, he gets pas
locusts." the
At the same tune, military and g
tribal conflicts in Chad, Ethiopia. ool
Senegal and Burkina Faso, multi- mile) swarm consumes about
plying as they went
reacted slowly to early reports of
abnormally Large swarms.
The best time to st
while they are stifl on
them is
“The west and northwest Afri- during their immature, or hopper,
can countries hadn't seen locusts stage. Unable to Qy, lime yellow in
for the past 20 years," said Mo- color, they carpet the ground like
hammed Osman Nurrin, scientific tree pollen and march long dis-
director for the East African Desert tances in voracious ‘'hopper
Locust Control Organization, bands," eating as they go.
“They weren’t ready this time." -- „ ... . . .
-t-, . . • , ... . The center of the continents lat-
Jfeora^ization 1 ^ has been est infestation is a wide band of
a Q - £ *»*nl Sudan that stretches due
^^, ^h^?i eUbchl0dratb,: west from Khartoum to the Chad-
payment of their dues. ^ border.
In Sudan, government officials _ , ,
In Sudan, government officials
were warned by forecasters in late
May that a plague was on the way.
Sudanese locust-control teams
spent much of last week in that
but” it wasn’t until a large swarm arc ^ showeringvast trams with in-
passed over Khartoum in June that samode. Small crop dusters, m-
e warnings were taken seriously, dading several Antonov planes do-
Serious locust-control efforts did
until ihM.Vnlv Rv thrr. STCaS where hopper
For more information contact Democrats Abroad:
476 428:
07 1863:
)8; Rome
Holland (1751) 18409; Germany (6371) 629 55; Tel Aviv 267 593; Menco City 398 97U8; Rome
361 9332: Bangkt* 271 3882; Sweden (506) 116 50; Vienna 475 5965; Costa Rica 28 09 21.
PAID FOR Al® AUTHCrtZED BY THE DEMOCRATIC NATIONAL COMMITTEE
tnoai conmcts in inaa, cuuopia. not begin until mid-July. By then,
western Sudan and elsewhere said l^Cressman. the locust pop- ^ bem reported.
meant that large areas of land were uhtions in western Sudan weremfl —
inaccessible for early spraying and ^
other locust-control measures. Tbe Sdentisls - inKliartoumprediclil Dam on Zambezi fa S
win take at least a decade to bring Agence France -Pres
AjmjMK WANTFD ^ preseniinfestation under con- HARARE. Zimbabwe
flU 1 11UIAO flflll I tU troL They view this year’s efforts as babwe and Zambia are to
RV N V PURI |\HFR run. a chance to train person- feasibility of building a b
P S n. l. ^vUUOntll uel and work the kinks out of a eric darn on the Zamtx
-wens wsidr aoai cubi'in>r 5«» rT w n “ men svmetn
w.pr. of *• f/pes. ikHot. ncn-hcJion. poetry. ,U »V sywem.
jcnclarlv end feligioui etc New Locusts are difficult tO track and
to control no matter how early
icooi usa. 1 one starts. They can fly 20 hours at
Dam on Zambezi Is Studied
Agence France-Presse
HARARE. Zimbabwe — Zim-
babwe and Zambia are to study the
feasibility of budding a hydroelec-
tric dam on the Zambesi River,
which forms their joint border, tbe
Zambezi River Authority’s chief
executive, Andrew Mpala, said
Wednesday.
times its normal size — packed
with new decrees, administrative
Attending tbe ceremonies in the changes, transfers and nomma-
modem Congress buildings were tions.
delegations from 30 nations, many The daily O Estado de S3o Paulo
from Larin America and from Por- called tbe rush “an orgy,” like “the
tuguese- speaking nations from oth- last day of carnival, because tomor-
row it will end.*'
One last-minute move by Mr.
Sarney to circumvent Congress
Under the new constitution. Bra- that provoked much criticism was
zil's first presidential elections by his unexpected creation of an Advi-
direct popular vote will be held in sory Secretarial for National De-
November 1989. The last time this fense to replace the National Saui-
happened was in 1960. rity Council The new constitution
In the final hours of the old con- had eliminated the council because
solution, the government of Presi- it had served as an important in-
dent Jose Sarney showed what s tru meet of the military regimes,
many saw as disdain and contempt Several members of Congress
for the will of the Congress. have announced that they will fight
WORLD BRIEFS
Rights Group Issues a Global Report
LONDON (Reuters) -"Torture and ocecanon ^
widespread in the Middle East, with | ovenuD -_ ht <, Amnesty Interna-
n outin g international conventions on human n =J UU><
tional said Wednesday. . . , for {937 also accuse*^
Tbe human rights orgamzarion s far East and Europe
governments throughout South Amenca, Ainca. incr ^ 5^ a
of trying to stifte opposuon W anest « tortu^ Israel teading up
marked increase in repons of tortme andGaza Strip.
to and during the December nets in the West Bank “ lrfwide fo {. ^
The organization, based in torture and capital
release of political prisonws and ***« SdSpread inSuu
pumdunenL In its report. Amnesty said it
In Iraq, torture and ill-treatmem of i )T ^ e T S mnestv ^d Siat thou-
espedaUy in cases invotvwg mrnonty Kurds. AmnesiysBiu*u» ^
S^^tiSpriscmcxsIerehdd-by the Syrian governmentm 1987.
Moscow Reports Attacks on Kabul
MOSCOW ( AP) — Rebels fired more than two dozen ‘ “JSSSSSf
Afghan capital, Kabul on Wednesday, killing 13 people and wounding
34, the Soviet press agency Tass said.’ . . .
Tass, quoting Afghanistan's official press agency-
shells hit Kabul suburbs and that tbe insurgents increased presanft
cm the eastern city of Khost It did not report casualnes OTtaMKabuL
“Twenty-six rodsets exploded on the streets and squarw ra Kabul as its
four districts came under intensive shelling.” Tass said- It added that
rebels were subjecting Khost “to nearly daily massive rocket and artillery
shelling-”
Kinnoek V ows to Press for Changes
BLACKPOOL, England (Reuters) — The leader of the Labor Party,
Neal Kinnoek, vowed on Wednesday to press ahead with pobey changes
in his divided opposition party, despile a surprise attack from ms biggest
trade union ally.
Mr. Kinnock's keynote speech to Labor’s annual conference on Tues-
day predicted that the party could return to power if it adopted practical
policies in place of Socialist ideologies. But key aspects of Mr. Kmnodrs
package were attacked by Ron Toad, leader of the biggest trade union,
the Transport and General Worirers. “We will not allow our commitment
to public and social ownership," Mr. Todd said, “to be lost m talks of
markets and competition." k
Labor started ns two-year policy overhaul al its conference last yaf.
after a third consecutive general election defeat by the Conservatives.
Hondurans Propose a Peace Patrol
UNITED NATIONS, New York (NYT) — Die foreign minister of
Honduras has proposed an international peacekeeping force that would
palrol Honduran borders to keep Nicaraguan and Salvadoran rebels oat.
The proposal on Tuesday marked the first time Honduras had put
forward a specific plan fra - a peacekeeping force to halt border incursions
by the U^. -backed rebels, known as contras. Nicaragua has put forward
similar proposals several times in the past, to lukewarm Honduran
Under the new constitution, the this and other decrees,
president can no longer make laws “1 will not keep quiet,” said Sen-
by decree, and the power of minis- a tor Fernando Henri que Cardoso,
ters is curtailed. But on Monday, leader of a new opposition party.
Mr. Sarney reportedly signed 24 He said the president was carrying
decrees, and an additional 20 were out a “process of sabotage.”
The notere were protesting not tolerable heritage erf more than two Mr. Sarney reportedly signed 24 He said the president was carrying
Mily tbe high cost of living but the decades of military regimes. decrees, arid an additional 20 were out a “process of sabotage.”
faUm workers living standards. The celebrations on Wednesday, expected to be published on Well before going into effect, the
The official news agency rep 0 ^-- therefore, were widely seen as the Wednesday morning, just hours be- 245-artide constitution, which cov-
ed what it called an outbreak of definitive end of an era of repres- fore the ceremonies for the new ers almost every aspect of life, has
vandalism and said Algeria s ruling gjon, an era which also widely sa- constitution. also drawn wide criticism from left
National Liberation Front was vore d power and wealth and left The Official Gazette appeared and right outride die government
sucking to ecOTomic austen ty poU- die majority of Brazilians poorer, Tuesday with 236 pages — four Amendments are already expected.
also drawn wide criticism from left
The Official Gazette appeared and right outride die government
Tuesday with 236 pages — four Amendments are already expected.
locusts bred in western Sudan and & stretch and cover 300 kilometers
Chad in late 1987 and moved in a day. Locusts eat their weight in
northwest across the continent to grain and greenery each day. A'
Morocco, then down into Mali, 400-square-kilometer (150-squmri-
80,000 tons (73 million kilograms)
African governments, hilled by of food a day. In Ethiopia in 1958,
the locust-free 1970s. had let con- tocuts ate enough grain to feed a
trol programs slip into low gear and million people for an entire year.
The proposal by the foreign minister, Carlos L6pez Contreras, would
seem to be another indication of growing Honduran unwillingness to be
the host to the contras. A U.S. assistant secretary erf state, EQioti Abrams,
at the United Nations for meetings with Latin American leaden, called
the Honduran idea an “intelligent proposal from Honduras to protect
their natwml security,” but said he thought it would be “physically not
possible" to remove the Nicaraguan rebels from Honduran soiL
Drugs Found on U.S. Plane inRogota
BOGOTA (Reuters) — An Eastern Airlines plane was impounded al
Bogota's Eldorado international airport on Wednesday after employees
from the UiL carrier found 21 pounds (10 kilograms) of cocaine on
board, police said.
The Lockheed Star L-10 was seized during an overnight stop at the
airport while on the Los An^les-Miami-BogotA-Miaim route. “It is most
likely that the 21 pounds of cocaine were introduced in Bogotk,” an*
airport police official said. “It would make no sense for drug smugglers toy
send cocaine from Miami to Bogoti.” ,
Over the past four years, drugs have been found 10 times aboard
Eastern Airlines planes. In August 1987, Colombian authorities for the
first time seized one of Eastern's airliners after finding 27 pounds of
cocaine. That plane was released after 48 hours and the company paid a
$40,000 deposit. Since then, Easton has hired anti-drug officers to check
its planes during stopovers in BogptiL
For the Record
Prime Minister Margaret Thatcher and President Ronald Reagan will
meet during her visit to Washington Nov. 15-17, a week after tin
presidential election, her office said in London Wednesday. (AP)
Poor Soviet coal nrinen died and four more were injured when an
- - 1 - * - — — — - - 3 - m 'fimiA nv tlui rnnflimi n Cntnfld fWw MiA rilF
latest step toward inqjrovmgdiploinalic ties. Tass sakfWednc^j.fW7j
A b31 to provide fntho' trade protection for the U.S. textile industry
failed to survive President Ronald Reagan’s veto in a House vote. The
vote Tuesday, 272 to 152 in favor, was 11 votes short of the two- thirds
majority necessary to make the bill law over Mr. Reagan's veto. (WP)
Four Soviet ndfitary observers arrived in London^ Wednesday to inspect
army maneuvers on British territory for the first time. They are visiting
Britain under terms of the 1986 Stockholm Agreement on East-West
confidence-building measures. (AP)
TRAVEL UPDATE
Agreement Set on Roads to Berlin .
BERLIN (Reuters) — East and West Gcnnany signed an agreement on
Wednesday under whidi Bonn wiDpay its neighbor an annual fee of 915
million Deutsche marks ($490 million) during the 1990s for improved
road transit links to West Berlin.
_ East Germany will create a new border crossing in the south of the
divided rity. It also will build a new access road and renovate parts of ihf
city’s ringroad. TL
An Air France Airbus carrying 83 passengers left for T ehran on
Wednesday as the carrier resumed weekly flights to Iran after a three-
and-a-half-year break doting the Gulf War. (AFP)
Lebanon, saying that the release of hostages does not mean there has been
a lessening of the danger for Western narinnai* (UPI)
The major UJ3. airfares haded 83 percent nf then- fli ghts on- time during
the busy August season, their second best performance on record, the
Transportation Department said Wednesday. In aiMftinw, the depart-
ment said consumer complaints against airlines fell 20 percent in Septem-
ber to 1,897, a third of what they were a year ago. (UPI)
Two By Two
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Page 3
IwuesaCloha] j.
tortwiW' v 4 OBor*.** ..
SZicfc us. Slick: Dukakis Ads Hit Bush’s Image Men
;£*«, Wlft ftneirisir.,'.? '
,% --.v
By Doyd Grove
Washington Pasi Service
WASHINGTON — Behind in
the pdls and buffeted by television
commercials slamming his record
on crime and the environment.
Governor Michael S. Dukakis has
launched a multimillion-doUar ad-
vertising cam paign anariring his
opponent's media advisers.
In a series of television commer-
cials, titled “The Packaging of
George Bush," the Republican
nominee's handlers are portrayed,
actors, as unscrupulous hades
cynically manipulate voters
with lies and base appeals to patri-
otism and fear.
The Dukakis campaign has spent
an estimated S1.5 milli on to air
them through the end of the week
and plans io “put a lot of money
behind them" in battleground
states, said a senior media strategist
to the Democratic nominee.
While similar “bade room** ads
have been used before, this is the
first time in a presidential cam-
paign that one candid at e ’s packag-
ers have gone after the other candi-
date’s packagers with a set of
commercials.
THE HUSTINGS
Bush Rejects a Direct Debate on TV
Senator Quayle, center, arrives in O maha with iris wife, Marilyn, right
Hr MKOXBd FKs
WASHINGTON (AP) — Vice President George Bush on Wednesday
declined an invitation to appear with Governor Michael Dukakis on the
ABC-TV program “Nighiline" after Mr. Dukakis had accepted the offer.
The network invited both candidates to “engage in an open-ended
discussion concerning the issues being raised in the 1988 presidential
campaign,” winch would have been conducted outside the tight rules of
their other two debates, Rooae Arledge, ABC News president, said.
A Bush spokesman. Mark Goodin, said: “We're not going to do iL An
open-aided discussion of the issues is a debate. We committed the
campaign to two debates.* 1
Quayle: Little Left to Chance
Florida’s ^English First’ Drive Falters
By Gerald M. Boyd
New York Tuna Semcr
j .WASHINGTON — As a lop
ptish camp aig n official disrai wd
Senator Eton Quayle recently, he
struggled to explain several gaffes
by the Republican vice-presidential
candidate, such as Mr. Qnayle’s
declaration that he “did not live in
this century.**
He finally said that Mr. Quayle
was no “rocket scientist,” reflecting
a concern t hat runs throughout the
Bush campaign about the Indiana
senator’s perceived limitations as a
national candidate.
The assessment explains why
Mr. Quayle went into the debate
with Senator Lloyd Bentsea of Tex-
as, his Democratic counterpart, on
Wednesday night as one of the
most thoroughly managed running
mates in history.
There has been a broad effort of
late by the Bush campaign to bol-
ster Mr. Quayie’s standing m the
face of opinion polls that show con-
tinued doubts about his qualifica-
tions and Ins ability to serve as
president.
Campaign officials point out
that he has traveled to 36 states and
pas raised more than 52 nriQion for
Republican state campaign organi-
zations since August
“People here are truty supportive
of Dan Quayle on every levd." said
Lee Atwater, the Bush campaign
manager. “It's as simple as than
But at the same time, some aides
concede that Mr. Quayle had a
rocky start on the ticket amid ques-
tions about his background and bis
service in the National Guard at
the height of the Vietnam War.
In addition, he made several
gaffes that concern sane Bush ad-
visers. such as calling the Holo-
caust an “obscene period in our
nation's history* and then explain-
ing, “I didn't live in this century.*’
Mr. Quayle has been relegated to
a role that aides inssts is normal
Bond, Mr. Bosh’s national political
director, said: “George Bosh and
his ticket are better on in Louisania
from Quayle's trip there. He
reached hundreds, if not thou-
sands, of people,”
But campaign officials concede
that Mr. Bum has left little to
ffhanry
He is coached by a team led by Stn
MIAMI (AP) — A campaign in Florida to mak e English the state’s
official language could be invalidated because petitions to place the
question on the ballot were all in English despite a federal law requiring
Spanish-lan guage voter information in counties with man y Hispanic
residents, a uA Justice Department spokesman has said.
He said the campaign violated a provision of the Voting Rights Act of
1965 requiring voting literature to be issued m a second language m areas
where more than 5 percent of the population has a limited knowledge of
“I've never seen a campaign like
the Bush campaign, where the back
room is so up front, where the han-
dlers take sud] unabashed pride in
their ability to manipulate.” said
Scott Miller of New York’s Saw-
yer-Miller Group, which produced
the ads for Mr. Dukakis. “These
spots are a compliment to Roger
Ailes,” he said, referring to the se-
nior media adviser for Vice Presi-
dent George Bush.
“I think they set themselves up
for this kind of an advertising cam-
paign,’' said Mr. Miller’s partner,
Mandy GnmwaldL “You guys in
the media are already writing about
the cynicism of Bush and the
Pledge of Allegiance, the choice of
Dan Quayle, and we know it’s been
bothering people. The big question
is: Where did this new, improved
George Bush come from?”
Mr. Millet said the series is
aimed at three Bush vulnerabilities
that show up in campaign polling
and interviews with potential vot-
ers: doubts about the Republican's
leadership abilities, his judgment
and his political consistency. Ac-
knowledging that the new ads are
risky, Mr. Miller said, “When
you're Dying to chang e the dia-
logue, you have to lake some
chances."
Mr. Ailes said he is unconcerned.
“I think it's a bunch of liberals
tilting around pretending they’re
not handlers and playing to 25 oth-
er liberals." he said. “It's a massive
waste of money and a stupid cam-
paign tactic, but I understand why
they doit. It makes them feel better
“gave weekend furloughs to first-
degree murderers not eligible for
parole. While out, many committed
other crimes like kidnapping and
rape, and many are still at large.”
Until now. Dukakis ads have
done liule to blunt such attacks or
help Mr. Dukakis take control of
the camp ai gn dialogue.
In one of the new ads, actors
portray Bush aides plotting strate-
gy around a table.
“Geez, look at these poD num-
bers,” says one. “People arc really
worried about the environment.”
“Well do a commercial standing
on a beautiful beach.” says a sec-
ond.
They recount negative aspects of
the Reagan administration s envi-
ronmental record and one says of
Mr. Bush, “He's going to say he
loves the environment. He's going
to make it clean and wonderful.”
“He'll say ihatT
Laughter.
All the Dukakis spots end:
“They'd like to sell you a package.
Wouldn't vou rather choose a pres-
ident?” ’
Reaction to the Dukakis ads has
been mixed, with set eral rival me-
dia consultants saying they lack
broad appeal. “1 wonder if they're
not too subtle.” said Carl S treble, a
Democratic media consultant.
Leaders of English Plus, a Florida group opposed to (he official -
English campaign, say they will deride tots week whether to seek a court
injunction to remove the question from the Nov. 8 ballot.
en they j_
and-quiche parties on the Upper
hope they
Photo-Finish Winner in Washington
Aides say his
schedule is
determined by
the Bosh campaign,
as is what he says
and how he says it
Spencer, a veteran Republican po-
litical strategist; Joseph Canzeri. a
former White House aide, and
Kenneth l~ Khadngjan, who has
saved as a speech writer to Presi-
dent Ronald Reagan.
Mr. Quayle's schedule is deter-
by the I
for a running mate: shoring up the
base, campaigning in areas where
the top of the ticket is unlikely to
reach and attacking the top of the
other ticket. Although that ap-
proach has attracted tittle attention
nationally, on the local level it has
led to largely positive articles in
newspapers and generally favor-
able television appearances.
“If our aim was to hide Dan
Quayle, we have been doing a lousy
job at it,” said Mark Goodin, a
campaign spokesman.
Referring to an appearance in
Louisiana last week,
mined by the Bush campaign, as is
what he says and how he says it,
aides said. For the most part, he
has avoided unscheduled contacts
with reporters, speaking with diem
for the first time for about 45 min-
utes on a trip last week.
“There is a difference campaign-
ing in Indiana and campaigning
nationally, ” said another senior
Bush aide, who compared Mr.
Quayle with a rookie in the Nation-
al Football League who was leveled
by a huge veteran lineman on his
first play from scrimmage. “He’s
had to ham iL"
Some aides traveling with Mr.
Quayle have told reporters that be
will not try to create much news
nationally between now and the
election, a pattern he has kept since
August. They say that such a role is
designed to avoid distracting atten-
tion from Mr. Bush.
OLYMPIA, Washington (AP) — Two weeks after three Washington
stale Democratic candidates for lieutenant governor finished the primary
election in a virtual dead beat, state Senator George Fleming has emerged
the winner.
Unofficial but complete statewide figures, released Tuesday, showed
that Mr. Fleming edged Ins nearest competitor, state Senator Nila
Rinehart, by fewer than 5,000 votes.
East Side. 1 hope they spend a for-
tune on them, while we talk about
the issues.”
On Tuesday the Bush campaign
unleashed another anti-Dukakis ad
on the issue of prison furloughs in
Massachusetts, featuring a stark,
black-and-white scene of inmates
streaming in and out through a
revolving door. As Massachusetts
crime statistics flash on screen, an
announcer attacks Mr. Dukakis'
“revolving-door prison policy” that
Iterator Bentsea wares to supporters in a pre-debate rafiy at the Omaha airport
John Gtpi/Tfe
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Page 4
THURSDAY, OCTOBER 6, 1988
PuMubrd *ilh The V* York Tine* and TV WvUoeldM Port
President Reagan will leave behind a
broad consensus supporting strategic de-
fense. True, he hims elf is barely part of it. He
had sought a more robust commitment, and
be signal on only reluctantly to the Una!
bargain that Congress and his administra-
tion struck. Still, a concept that was only a
gleam in the president's eye in 1983 is on the
way to being realized in some way now.
The original Reagan concept entailed a
shift from the existing full reliance on stra-
tegic deterrence to eventual full reliance on
strategic defense. The particular program
be chose was the Strategic Defense Initia-
tive, or “star wars." in which space-based
weapons would knock newly launched hos-
tile missiles out of the sky.
The concept that most others finally
embraced was in a more modest range. It
foresees not replacing strategic deterrence
but supplementing it with a degree of stra-
tegic defense to be determined by prag-
matic considerations. Instead of making
nuclear weapons “impotent and obso-
lete” as Mr. Reagan dreamed of doing,
this lesser concept anticipates making de-
terrence sturdier and adding certain capa-
bilities of defense — against accidentally
launched missiles, for example.
The space-based option championed at
first by Mr. Reagan failed finally to win the
necessary support of either the Pentagon’s
own science advisers or of its military com-
mand or its current political leadership. To
the ban on tests in space written into the
Anti-Ballistic Missile Treaty, Congress
added its own prohibition in domestic law.
So in the end, the administration settled on
a program focused first on a land-based
option, it’s not star wars anymore.
One of the marks of SDl from the start
has been the passion of the debate sur-
rounding it — in part a natural result of the
apocalyptic nature of nuclear weaponry.
The political system has. nonetheless, gone
far to bring the debate down to earth. Mr.
Reagan's personal co mmi tment ensured
strategic defense the big boost that any
large new idea needs to get a hearing. Oth-
ers then asked the necessary questions
about feasibility, cost, diplomatic effect
and strategic value. Not without some
bruises on all sides, tentative answers
emerged. The program is moving forward
uncertainly, but moving forward. It leaves
key choices open, but mokes those choices
possible. That is a good resulL.
— THE WASHINGTON POST.
Hope Revives for Haiti
Thanks largely to their own persistence,
Haitians have their best chance at real de-
mocracy in more than three decades. Cynical
outsiders claimed that Haiti was too poor
and too long misgoverned for there to be any
realistic chance of that. But democrats,
strengthened by the refusal of countries like
the United Stales to assist the military re-
gime, never gave up. Now Washington can
begin to think about resuming aid.
The new president and unlikely instru-
ment of democratic revival is Genoa! Pros-
per AvriL longtime crony of the deposed
Duvalier dictatorship. For years he was part
of that family’s intrigues, repression and pil-
lage. So odious had his name become that
protesters drove him from the junta (hat
succeeded Jean-Oaude Duvalier in 1986.
But General Avril is also intelligent and
respected by his troops in a way that his
predecessor. General Henri Namphy, was
not More important, he rules in tandem
with the noncommissioned officers who
threw out most of the old army chiefs. The
uprising they inspired against brutal or cor-
rupt police commanders, politicians and
factory managers set a vivid example. It is
likely to hold General Avril, for a while at
least, to a democratic course.
If anyone has good reason to be skeptical
of General Avril, it is Haiti’s demoafetic
politicians who bore the brant of General
Naznphy’s decision to abort last November's
elections. But they seem bopefuL That means
that Washington, which suspended most aid
after the election day massacre, can start
thinking about conditions for renewing it
Haiti needs money badly, and General Avril
seems canny enough to undostand that ids
own prospects depend in part on getting it
His carefully conducted purge of Colonel
Jean-Claude Paul, indicted in the United
States for drag conspiracy, seems to signal a
willingness to go beyond oratory and take
concrete steps against Haiti's rotten old or-
der. So do his moves againsi Tontons Ma-
couies thugs, and his refusal to shelter these
thugs from popular vengeance. Mob retribu-
tion is never edifying, but neither was the
Namphy regime's tolerance of terrorists.
Washington's next moves will have to
depend on a full restoration of civil order,
dear steps toward constitutionalism and a
reasonable electoral timetable. Those are
now realistic hopes, thanks to the stubborn-
ness of Haiti's people and the refusal of
Haiti's friends to settle for less.
— THE NEW YORK TIMES
America Back in Space
Gene Thomas, director of the 1986 Chal-
lenger launch, knew all too wefl the stakes
involved in America’s return to space —
and accurately predicted a safe and smooth
journey for Discovery before it left last
Thursday as “the flight you want to put
your mother on.” Again on Monday, as
during the lift-off, the sighs of relief could
be heard around the world as the astronauts
— who had pronounced themselves “happy
campers” — came home triumphantly and
precisely on time. But if they did alleviate
doubts and fears about the safety of Ameri-
ca's space program, their journey left open
fundamental questions about the pace, pur-
pose and costs of future operations.
The decisions to be made must be based
on bow much the public is willing to pay
for an expanded manned space program,
as well as what it could or should accom-
plish. Should Mars be the next stop? A
base on the moon? An international space
station? Or is any of this a luxury that the
United States can’t afford? If there is a
prevalent view as reflected in various
polls, it is that the exploration of the solar
system by humans is useful, for scientific
experiments as well as for the repairing of
satellites. Shuttle advocates increasingly
are saying that the shuttle’s best use is not
as an all-purpose freighter but as a craft to
“fly people as they learn to live in space
and eventually explore the solar system.”
Sally Ride, the former astronaut, and
other experts who have studied the options
have concluded that methodical progress
—developing new technology, continuing
biological studies and working on a lunar
base as a move toward an eventual Mars
mission — is probably the best approach.
In any event, the work of the shuttle will
focus on a manned space station as a key
part of a “space infrastructure.” Given
budget constraints, the pace may have to
be slowed. Both presidential candidates
have indicated general support for the pro-
ject, but have noted the budget limita-
tions. Whoever wins will have a great im-
pact on the program for decades to come.
— THE WASHINGTON POST.
Other Comment
A Soviet Man of His Time
Mikhail Gorbachev dominated [the ses-
sion of the Soviet Communist Party Central
Committee last Friday] because of the intel-
ligence and self-control he brings to the
authority of his office. The outside world,
astonished by the appearance of such an
unusual leader, has been templed to sup-
pose either that he is one of a kind or. more
skeptically, that he is too good to be true.
There is a more optimistic explanation
of the Gorbachev phenomenon. It is that
Soviet society has changed in a myriad of
ways which can still only partly be guessed
at, and that Mr. Gorbachev is speaking to
the new elements in this society and in-
deed is himself a product of them.
For all his problems, Mr. Gorbachev
must be counted a lucky reformer: He is a
man whose lime has come. Even if he is
slowed down or removed, future Soviet
leaders will be more like him than they will
be like the late Leonid Brezhnev.
— The Observer (London).
Mr. Gorbachev decisively strengthened
his leadership. At the same time, the urgent
manner of carrying out the reshuffle indicat-
ed the enormity of the difficulties he is con-
fronted with in implementing his reforms.
Mr. Gorbachev's consolidation of his
power and determined pursuit of his peres-
troika and glasnost policies, however, ap-
parently bode well for the Japan-Soviet
relationship. During the days of Leonid
Brezhnev, the Kre mlin 's foreign policy ro-
tated mainl y on its relationship with Wash-
ington. giving only subsidiary importance
to its relations with other nations. Stereo-
type was the name of the game in handling
issues which did not directly affect the
sphere of superpower influence.
— The Japan Times (Tokyo).
Perestroika is a matter of national securi-
ty. The KGB and the armed forces realize
that the Soviet Union must change its ruin-
ously inefficient behavior if it is to stand
any hope of one day competing with the
West on anything other than military terms.
Yegor Ligachev, in his new and unenvi-
able role as the man in charge of agricul-
ture, represents those who approve of re-
form while questioning the pace and
extent of it under Mr. Gorbachev. Trying
to increase food production, one of' the
Kremlin's most difficult tasks, will not
only keep him busy but give Mr. Gorba-
chev an opportunity to blame him if the
plight of the consumer worsens.
Changes at the top demonstrate that
there Is still much uncertainty in the Krem-
lin. Mr. Gorbachev’ has proved himself, but
he must still prove his policies to a nation
that remains highly resistant to change.
— The Age (Melbourne).
Mr. Gorbachev has succeeded in remov-
.ing i be forma) obstacles to his reforms and
put party apparatchiks and bureaucrats on
notice that they, too. can face the axe if they
obstruct his policies. It will raise the hope of
ordinary Soviet citizens a little. But skepti-
cism will remain till they can see some
improvements in their lives.
— The Straits Times (Singapore).
INTERNATIONAL HERALD TRIBUNE
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and CHARLES MiTCHELMORE. D^i,r. EJiron * CARL GEW1RTZ. .1.-* w Mi*- •
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TeL: 1 1 j 46 J7.93.00. Tetef. Advertising. 613595; Circulation. OI293Z: EdiavuL M271S; Production, (ijOoSS.
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Gfr. Mir. W. German: .
Pres. US: Michael Conroy.
S-A. au capita! de J.'Oil
C 1988, International Herald Tnbune. Ail ngku named. ISSN: flW-WJJ.
OPINION
Now a Little Brother, Too, Is Watching
S TOCKHOLM —The tables are being mined
on who is watching whom. When computers
and satellites came into use. big governments got
powerful new tools for keeping track of their
dtizens and each other. But Lhe information
explosion can work both ways.
Now a small group of young Swedes is using
the new technologies to defy some government
attempts at secrecy. They hare developed a third
eye in the sky, a crvflian’ ability to monitor some
important military programs, something that
only the superpowers could do before.
For more than a decade there bare been propos-
als for another surveillance system to check what
the Americans and the Soviets announce, or hide,
of what they know from satellites. France, Canada
and half a dozen neutral or nonaligned govern-
ments suggested an independent multinational
service. TSey exhorted, haggled and got nowhere.
The Swedes., journalists who worked for a
high-tech publisher, just went ahead and started
it on a completely independent, commercial ba-
sis with no aim but to inform the public. They
called the service Space Media Network, and
they operate rather like a news agency, selling
what they leant to press and television clients.
Organized in 1985 as part ol t bar publisher's
enterprise, the network was recently bought out
by a billionaire Swedish businessman and phi-
lanthropist who doesn’t mind absorbing cur-
rent losses of about SI40.000 a year for a while
to get it well launched. *
The group's first big coup was providing the
first pictures and details of the Chernobyl di-
saster in 1986, obviously playing an important
By Flora Lewis
role in persuading the Russians to come clean
on the gravest nuclear accident yeL
Since then it has discovered secret prepara-
tions for a Soviet spaa: shuttle, powerful Soviet
laser installations which could be made to serve
a Soviet “star wars” system, advance evidence
of resumed Soviet nuclear tests, the site for
Chinese missiles in Saudi Arabia, a huge new
cocaine-growing region in South America and
giant forest fires in China, among other things.
It has plugged into a computer enhancement
system that can double the quality of its pictures.
The network uses pictures bought from com-
mercial satellites, American Landsats and the
French SPOT, and has even found it can make
significant use of fuzzy weather satellite photo-
graphs because the archives go back some 15
years arid offer a basis for comparison.
The launch soon of a new European radar
satellite is eagerly awaited. The combination of
optical, thermal and radar observations will
give interpreters another leap forward.
Of course, the pictures are not nearly as good
or as comprehensive, so far, as the ones that
secret military satellites provide. But they are
good enough to reveal a lot that had been hidden.
With rime and the accumulation of a data
base, they can disclose the massing of armies for
a surprise invasion, threatening naval activity,
new missil e deployments. The more countries or
companies that put up commercial satellites, the
greater the network’s scope can be. Already it is
working on chemical warfare facilities. Evidence
so far indicates that Libya is building a complex
and Syria may be doing the same.
There are also big, long-term environmental
projects that can override official attempts to
conceal or minimize the damage being done.
Christer Laisson. the executive producer, and
his colleagues Sverker Nyman and Hans- Hen-
rik Ronnow are modest about their current
capacities. They point out that they can learn a
lot more about what is going on at sea, in
deserts or snowbound regions than in populat-
ed areas, where concealment is easier.
They are rigorous about budding up incon-
trovertible evidence, sometimes waiting a year
before releasing a conclusion. They have found
leading scientific experts around the world ea-
ger tonelp interpret and verify their informa-
tion in return for access to the pictures, mostly
collected at a receiving station in the Swedish
town of Kirtma, above the Arctic Circle.
Despite their diffident Swedish style, the
young men are obviously enthusiastic about the
tremendous contribution' they can make to
keeping the world public aware of threats^ to
peace and the environment It is an exciting
initiative, with all kinds of prospects.
Even adversary governments know much of
each other’s secrets yet still insist on keeping
the public in the dark- That is going to be harder
and harder. Technology is allowing ordinary
people to break down the information monopo-
lies that can decide their fate. This time; little
brother is winning a round.
The New York Times.
Gorbachev: A Putsch Usually Means Trouble
W ELLESLEY. Massachusetts —
The only sure conclusion we
can draw from the Kremlin upheaval
is that it is dangerous for members of
the Politburo to go on vacation.
After General Secretary Mikhail
Gorbachev returned from vacation in
mid-September, he ran into a fire-
storm of criticism for his failure to do
anything about the deterioration in
food supplies and the growing unrest
in places like Armenia and the Baltic
states. He seems to have concluded
that some of the attacks were orches-
trated, a prelude to what he evidently
saw as an attempted coup. Indeed,
one of my better informed friends in
Moscow told me in mid-September
that Mr. Gorbachev had only another
six months to prove himself.
Re alizing what was about to hap-
pen. he apparently decided last
Wednesday to launch a pre-emptive
strike while his main rival, Yegor
Ligachev, was on his own vacation.
That day, Foreign Minister Eduard
Shevardnadze announced suddenly
that he had to leave New York for
Moscow for what his spokesman ex-
plained was a meeting scheduled
long ago. Tbe spokesman neglected
to mention that the meeting was
originally set for the end of October.
Most revealing of afl, the Soviet
chief of staff. Marshal Sergei Akhro-
meyev, left for Sweden on Wednes-
day only to turn around immediate-
ly and return to Moscow.
There is no denying, either, that
Mr. Gorbachev’s reforms are in trou-
ble, or that he is slowly losing public
support With widespread rationing
of meat butter and sugar and no leap
in income, dtizens are begriming to
grumble that perestroika amounts to
working more for less pay.
With Mr. Gorbachev calling for a
50 percent reduction in the party's
Central Committee staff, and with
genuine concerns over what Mr. Li-
gachev has described as anarchy and
nihilism, the conservative elite had
begun to think the time was right to
move against the general secretary.
By catching his opponents off
guard, Mr. Gorbachev may have sur-
vived another round, but he still has
not solved his problems. By firing An-
drei Gromyko and taking over Mr.
Gromyko's title as president, Mr. Gor-
bachev may now have the formal right
to do what be has been doing de facto
for the last three and a half years. But
Mr. Ligachev and Viktor Chebrikov,
tbe former KGB bead, are still there
with at best a slight loss of stature and,
possibly, an increase in power.
Mr. Chebrikov. while no longer ihe
direct head of Lhe KGB. in a sense
remains its superior because he has
been named head of the legal policy
commission of the Central Commit-
By Marshall I. Goldman
tee, which is responsible for designing
human rights policies. This shocked
Soviet liberals. It is like naming A1
Capone the attorney general And Mr.
Chebrikov was promoted to full mem-
bership in the party Secretariat, which
makes him one erf seven who could
conceivably succeed Mr. Gorbachev.
It is hard to tell bow Mr. Lfeachev
fared in the reshuffling, mostly be-
cause we do not yet know if he remains
number two in the Politburo. We
know he is now in charge of agricultur-
al policy. Some see this as a demotion.
But with the fate of Mr. Gorbachev’s
reforms resting chiefly an an increase
in the food supply, Mr. ligachev is
assured of continuing influence.
It will be interesting to see what
happens to Soviet farm policy. Re-
cently Mr. Gorbachev has recom-
mended rules that would allow peas-
ants to set up private farms and lease
state land for up to 50 years, and to
do this in response to market forces
rather than state orders. But Mr. Li-
gachev opposes the use of “market
raws” ana a move to what he calls “a
capitalist market economy."
To an extent that is still hard to
determine, the new moves, including
the firing of Anatoli Dobrynin, who
headed the Central Committee’s in-
ternational department, may have
been forced on Mr. Gorbachev. If he
had his way. Ids own man, Alexander
Yakovlev, would have kept his re-
sponsibility for party ideology and
Mr. Dobrynin would have continued
to oversee foreign relations. Instead,
Mr. Yakovlev has been assigned for-
eign relations and Vadim Medvedev,
a former rector of the Academy of
Social Sciences and a man once re-
garded as hidebound and unimagina-
tive, has taken over ideology.
It is instructive to contrast Mr.
Gorbachev’s compromises with Ni-
kita Khrushchev’s response when he
unearthed a similar plot three yean
into his tenure. He managed to rid
himself completely of his opponents
in the Politburo, but even then he
lasted only another seven years.
If Mr. Gorbachev is to succeed, he
has to find some way to resolve press-
ing economic and nationality prob-
lems. His deft touch in political musi-
cal chairs will take him only so far.
The writer is professor of economics
at Wellesley College and associate di-
rector of the Russian Research Center
at Harvard University. He contributed
this comment to The New York Times.
Soviet Problems Weren’t Overthrown
W ASHINGTON — Credit Mik-
hail Gorbachev with being a
good counterpuncher. As the evi-
dence mounted in recent weeks that
his reform program was in political
trouble, he decided to come oat
swinging. It has been a masterful
putsch. But the problems that put
eim on the ropes in the first place
remain as serious as ever, and he may
pay a price for his strong-arm tactics.
At this point, the crucial issue in
Soviet politics is notpersonnel moves
or the drafting of reforms, important
as these matters are. It is results.
Is perestroika producing better liv-
ing standards, viable economic re-
forms. foreign policy gains, political
By Peter Reddaway
order despite the ferment of glasnast,
autonomy for the national republics
that doeai’t simultaneously under-
mine strong central government, and
political reform that wiS spur the
whole process of what Mr. Gorba-
chev calls revolutionary change?
Or is his program resulting m stag-
nant living standards, mounting eco-
nomic confusion, uncertainty for Sovi-
et allies abroad, decKnmg political
order, a potentially serious reduction
in central control over the republics?
A growing number of observers,
myself included, find the pessimistic
fe . —
, upwrm
tooRBAOTOff
Down with .STAL iid
rhi£i—
By FORA i i uC in Li Rcpobblka iftoael CSW Santflcnt
From Boss to President, as It Were
P ARIS — “President" Gorba-
chev? It does not come tripping
lightly off lhe tongue yeL But soon it
will — as pundits, anchormen. White
House and Slate Department flacks
and other movers and shakers in the
political -lexicon game drop “Soviet
Communist Party boss” and adopt
the sleeker appellation that Mikhail
Sergeyevich appropriated for himself
last weekend m Moscow.
We should be alert in this brief
interval before we internalize the
new term for the Soviet ruler, with
the inevitable subterranean echoes
that “'president'' carries for the
Western ear — free elections, com-
peting political parties, constitu-
tionally limited executive powers.
In that small space between “boss"
and “president” lies another advance
for the Soviet campaign to establish a
new level of moral equivalency with
the West President Reagan. Presi-
dent Mitterrand. President Gorba-
chev. Of course. All members of the
club, t Along with President Pinochet
and other bosses who understand the
PR value of not being more descrip-
tive about the powers they exercise-!
What's in a tide? Ou tracing West
German Foreign Minister Hans Die-
trich Genscher and others whom she
would normally be expected to criti-
cize for overly trusting the Russian
bear. Margaret Thatcher flashed into
the telegraph office to send off the first
congratulations to the new Soviet —
president. (See. It does get easier.) The
British prime mini ster's message in-
cluded a wish that the new title would
S ' ve more authority and success to Mr.
erbachev's reform program.
Pedants will argue that in fact noth-
tuL£ Cuuflpy, 5* w ■" SV <
after all. became president as well as
the party general secretary. But there
was no danger of .Americans and West
By Jam Hoagland
Europeans confusing the stolid and
sour Mr. Brezhnev with anything oth-
er than a party boss. His Central Cast-
ing eyebrows' and scowl (not to men-
tion Afghanistan and SS-20s) made
“President Brezhnev" unacceptable.
But the dynamic and agile Mr.
Gorbachev is quite a different kettle
of images. He is persuasive in the role
of a modern executive trying to get a
difficult job done. The tide wifi fit
him in the American mind in a way it
has never fit a Communist leader
before. “President Gorbachev" will
stick, and gradually soften the image
of the man and his country.
He has worked hard to "shatter the
old portv-boss stereotype. A compari-
son made tty many who have met him
is that of a “hard-hitting chief execu-
tive officer at a large American corpo-
ration." in the woros of a French offi-
cial. He is, as a group of us who
interviewed him last May wifi testify,
intelligent, articulate ana decisive.
But” that interview also suggested to
souk: of us that there is far more of the
authoritarian in him than the speeches
about democracy at borne and hu-
manitarianism abroad convey. His
lightning coup against Gromyko &
Co. tends to confirm that; He orcbes-
Lraied a tour in Siberia to show a
populace clamoring for drastic action:
he ordered newspaper editors to sup-
port his line or else; then be struck
while his chief rival. Yegor Ligachev.
was out of town. The sweeping
changes were rubber-stamped by a
cowed Central Committee after' an
hour’s discussion — unanimously.
!t was a performance that Mrs.
Thatcher would envy. (President
Thatcher?) She is right in suggesting
that there is reason for the West to be
encouraged by what has happened in
Moscow. But she is wrong to pin it
on the probable impact made the
Soviet Union of a new and infelici-
tous title change for Mr. Gorbachev.
The title’s impact will be abroad.
Mr. Gorbachev has confirmed that
be is a skilled political operator able
to consolidate his power. He, Foreign
Minister Eduard Shevardnadze and
the new head of the Central Commit-
tee's International Commission, Al-
exander Yakovlev, share a clear con-
sensus on what they want to do in
foreign policy and have a free hand.
They are deal-makers, ready to find
terms with a new U.S. administration
to reduce international tensions.
Bui the results at home are far less
clear-cut than they may appear. Mr.
Ligachev and other conservatives
survived Mr. Gorbachev’s best shoL
They have been moved sideways,
but they still have their hands on
domestic levers of power.
Moreover, tbe changes have done
nothing immediate to (1) resolve tbe
chaos that has been created in gov-
ernment ministries and factories by
die uneven switch to semi-market
mechanisms of perestroika, (2) to fix
an agricultural distribution system
that fails to get 25 percent of the
output from the nation's farms to
consumers before it rots, or (3) to get
consumer goods into empty shops,
Mr. Gorbachev finishes his overture
with a grand flourish. Last weekend
brought the aid of the beginning of his
rale, as British Sovietologist Robert
Service notes. Prez Gorby now has no
supposedly invincible opponents in
the Politburo to blame if the economy
keeps refusing to respond to bis pro-
gram. If that happens, he may have to
rail back on the ample and erode
powers of party boss to stay m dia ry..
The Washington Post.
second scenario steadily more pasua-
sive — with the partial exception of
some achievements in foreign policy.
We also see signs that the center-
right forces in the ruling elite are
increasingly disturbed by what they
see. If we are correct, then in the next
year or two Mr. Gorbachev is fikehr
to come under increasing political
pressure. He wfll be seen as the chief
architect of failing policies, and Ms
supporters will gradually transfer
then allegiance elsewhere.
There is much evidence suggesting
that last weekend’s fairly elaborate
changes in structures and personnel
woe prepared conspiratonaDy, then
sprung on die Central Co mm it t ee.
They were railroaded through in a
session that lasted one hour. Central
Committee meetings usually last for a
day or more. This was probably the
shortest meeting in some 70 years.
railrMfi^^^K^^n^itsdf are
maneuvers that coaM rebound on Mr.
Gorbachev in the future. So bras is
known in the West, nothing as blatant
as the Gorbacbevite methods of the
last few days has occurred in Soviet
politics since the palace coop that
ousted Nikita Khrushchev in 1964.
The center-right’s strategy has
been not to resist openly, not to
espouse an explicit rival program to
thru of the Gorbacheviles bnt rather
to resist and sabotage quietly, to wait
for the Gorbachevites to bring the
country to a stale of political and
economic chaos in which the center-
right can step forward at the right
moment to restore order.
Yegor Ligachev will probably now
be forced to put up or shut up. If be
makes a stand, rallying sympathetic
forces in the Central Committee, the
party apparatus, the mflitaiy and die
KGB, the Soviet body politic will
enter a period of virtual civil war.
If he opts for a quieter fife, the
more conservative fences seem sure
— unless Mr. Gorbachev magically
resolves the ri arm ring policy prob-
lems that confront him — eventually
to find new spokesmen at the top,
and to renew their challenge.
Mr. Goriachev has gained a breath-
ing space, not long-term security.
The writer heads the Kennan Insti-
tute for Advanced Russian Studies at
the Woodrow Wilson International
Center for Scholars. He contributed
this comment to The Washington Post
Dukakis:
The Miracle
Is Over
By Lawrence Lindsey
C AMBRIDGE, Massachusetts —
I have never been a believer m
the “Massachusetts nriradc” Bui
month. Governor Midnd Dj* 2 **
polled an economic hat rock that uas
turned me around. He announced mat
the state’s budget for the last focal
year ran a surplus of $67 nrifli op-
14! A budget that was in the deepest
shade of red turned black with a wave
Tbe magic lay in tbe acoounung-,
Simply Tint, the stale balanced icsbuuf ,
getby borrowing hundreds of mflhonS
from every conceivable source.
Mr. Dukakis took 5250 million
from the state’s capital account to
fund current services; he then issued
bonds to refund the capital account-
Hr also borrowed from General Hec-
tnc by refusing to rrfund 5122 munOT
was dnethe corporation because
of a tax overpayment. (A court or-
dered Massachusetts to coagh up, and
it has promised to do so — next year.)
Then there is the state lottery,
which, despite its name, must pay au
its proceeds to the cities and towns .
Here the governor’s budget underesti-
mated tbe proceeds and then declared
that the lottery's excess funds be-
longed to the state. Wbai tbe
tare Vwllnwt at this man euver, the gc*£.
im or line-item- vetoed the funds th£-
the lottery law committed to the cities
and towns, one town at a time.
Finally, the state borrowed money
bean its own pension fund.
Given tbe magic show with last
year’s budget, there aren't many in the
local xnrfimrt* who believe Mr. Duka-
kis this year. Among tbe doubters are
nimoCT all legislative leaders and the
governor’s own Revenue Advisory
Board. Although the state's constitu-
tion prohibits defeat spending, the
current consensus estimates a deficit
between 5500 mflli nn and SI bfltion.
While credibility is tbe major con-
cern about Mr. Dukakis’s handling of
the budget, the rimik of bis current
budget also show an appalling lack of
understanding ctf bowbudgets work.
The budget ovoestimaies revenues
by » wn n n ml r assumptions that
are high even tty the optimistic stan-
dards of official forecasts. Far exam-
ple, his budget assumes that wages
wfll rise 53 percent faster in Massa-
chusetts than in the rest of the coun-
try. Even though tbe stele has lost
more than 100,000 manufacturings
jobs m tbe last few years, job growth |
is projected to grow at the “nnrade”
rates of the eaity 1980s.
Likewise, the budget underesti-
mates spending. Mr. Dukakis has ig-
nored thefaettnat an allowance mnst
be made for unforeseen costs. In the
last five Dukakis budgets, supple-
mental budgets for agencies that rave
exceeded wax spending authority
have averaged 4.4 percent of the orig-
inal appropri ation. If this average
holds, we can expect 5506 mfllion in
extra mending. But to make his pro-
posal look balanced, Mir. Dukakis
budgeted zero in unforeseen costs.
Hu budget even ignored the need tQ|
fund pay raises for state wrakesf
whose contracts are being negotiated.
Since the budget was proposed, nurses
lave already reedvea an onbudgeted
$29 mill i o n raise. Court officers and
managers have been promised an un-
budgeted 57 mflfian. Three police
agencies have been wodring once July
witheut a contract, and no money has
been budgeted for their raises.
Finally, tbe governor refused to
fund the program of winch Ik darm*
to be most proud: universal health
care. Of $8J> million the state was
supposed to spend to cower bad ddrts
ana freeware cases, Mr. D ukakis ve-
toed 57.5 motion. He also vetoed an
authorization to spend up to 51 mil-
lion on uncompensated care for com-
mumty health centos. A pledge of $50
nriffion to tbe hospitals to cover medi-
care shortfalls failed to make tbe bud-
get. In short, Mr. Dukalris has ignored
the first fact of budgets: Programs ai^
funded with money, not mrantahotyj
£a a budget just 1 percent as big as
the federal fipvemmori’s, the coose-
qoences of these tricks are smalt But
the state’s $1 ttfikm budget ntis-estir
mate e xt rap ol ates to 5100 bfltion at
the federal level; its $506 mfllion in
expected supple me ntal appropriations
translates into $50.6 bflBon, and its
513 biflkm public pension shortfall is
tiie equivalent of $1 3 trillion for Un-
de Sam. With these numbers in the
cards, ttenext art a>dd be spontane-
ous combustion cm Wall Street.
Here in overwhelmingly Democrat-
ic M a ss ach us etts, tbe DukaJds-Bush
race is a dead heat. To some, that’s a
surprise. Maybcr we know that the gov-
ernor’s bag of tricks is really empty
Tte writer teaches economics at
Harvard Umventity He contributed
this comment to The New York Times.
100, 75 AND 50 YEARS AGO
1888: A New York Tube? 1938: Benes Resigns
PRAGUE — President Eduard r^_
bas bem seat to Amenca by a Europe- nes of Czechoslovakia
m company recently formed to intro- o’clock this afternoon [85: ^ 2
duce rnto New York a system (rf under-
ground railways, similar to that now
existing in London. These genriamwi
expect to remain in New Ycak about six
weeks, during which time they wiH
make an expert survey of the g mmA
1913: Foriridden Flumes
NEW YORK — “Your hat if you
please, madam; we must have that
Mgrette, was the demand made by
the Customs inspectors yesterday
(Oct 4] of all women disembaridneat
New York with forbidden plumes m
their headgear. It was the first day of
the new tariff law, which prohibits
the importation of all feathers
plucked from five birds. Anrid
circumstances which he
under
TtJ >Bd - aS
nation retired one erf tire formrJ^S
the Republic and its
ss.'tS
MMSagg
mg German troops will now SS
to occupy Bohemia for himfSrf
miles mare than was conteSSr.5;
by the British, the FrSSr® p i a *f d
Czechs when the “peacewhhi? d ?£
was signed at Munkfa
Chmdun said: “T S Winston
drew UD the tariff or Who
drew up the tariff, a dozen women
were despoiled of their feathers.
be^^^^dess
tamed a total mnrt&Zagg™*-
INTERNATIONAL HERALD TRIBUNE, THURSDAY, OCTOBER 6, 1988
Page 5
OPINION
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America Has Cleaned Up
Since the Black Sox Days
Vietnam Distorted: Birth of the Credibility Gap
^ — — JL^AUWJO.
By George F. Will
kjSjSSS ? 65 !sS4?
5!?" ‘JSrtHP.? - prac- serve as base
ue«on WaD Street, it is well to revisit Kenesaw ]
an CTa when America was really raw. chock of whi
Eight Men Out, based ot HSot AsinoTs Lniesrity Ale
SfJfeL UUcaboutthcBlad£ Sox tiSSSJX
KandaL TJere are two fine novds on dm dent Mr. Lai
^ bourtKM dri
■ fP. NiiKellas “Sweless Joe, ^ which is stiff senteno
being made into a movie. Who, half a Prohibition,
century from now, win write novds and dramatizing
makemovies about Watergate? As many dard Oil <1
as today are m teres ted in the Tesqwt rebate case i
pooKKsidaL Bat when scandal tenebed turned him )
ba^iall, it touched a national nave. serW2hdm<
in» rntwi poignant figure of the Black a Chicagoan
Sox scandal was Shoeless Joe Jackson, marine sa n k
pJJterate natural who compiled the Mr. TWi.
uurd- highest bauing average in history Sox players,
and who was so reflexivdy great that knew afoul i
even when throwing the Series he could report it. It i
not stop himself from hitting 375 and h^jpeced to
sertmg a Series record with 12 hits. the players w
The scandal is a window in a danV pidity and sn
basement of U^. history. In 1919. Most of then
Americans woe feeling morally admira- of the promi
The White Sox conspirators attainte d
that they would get away with it because
they assumed, almost certainly correctly,
that other major leaguers had got away
with Fixes. The team owners, frightened
about the posable devaluation of their
franchises, rushed out and bought some
virtue in the person of a federaljodge to
serve as baseball's first commissi oner.
Kenesaw Mountain Landis, with his
shock of white hair ova craggy features
and his tnail-slol mouth, looked like
Integrity Alerted, just as Warren Har-
ding, elected in 1920, looked like a presi-
dent. Mr, Landis was a tobacco-chewing
bourbon drinker who would hand out
stiff sentences to people who violated
Prohibition. He had a knack for self-
drama tiring publicity. He fined Stan-
dard Oil w Indiana $29,240,000 in a
rebate case (the Supreme Court over-
turned him) and trial to extradite Kai-
ser WUhdm on a murder charge because
a Chicagoan died when a Goman sub-
marine sank the Lusitania.
Mr. Landis barred from baseball eight
Sox players, including one who merely
knew about the conspiracy but did not
report iL It was rough justice: Nothing
happened to the gamblers, and some of
the players were guilty primarily of stu-
pidity and soccumbing to peer pressure.
Most of them were cheated out of most
of the promised money, and only one
player made much ($35,000). But rough-
ness can make justice effective. Base-
hall's gambling problems woe cured.
The 1920s, the dawn of broadcasting
and hence of hoopla, would wash away
memories of the scandal Those years
were the golden age of American sport
— Babe Ruth. Jade Dempsey, Gate
3 . — j , wui » gaujDuiig pruuieuis were curea.
benes occurred three months before the The 1920s, the dawn of broadcasting
b egin ni n g of a misadventure in moral- and hence of hoopla, would wash away
ism. Prohibition. But gambling was as memories of the «and»i Those years
American as the Gold Rush — the dream were die golden age of Ameri can spent
of quick nches — and when the govern- — Babe Ruth, Jack Dempsey, Gate
ment dosed racetracks during the war. Tunney, Red Grange, Knme Rockne,
gamblers tamed to baseball, then Amen- Bobby Jones. BfllTuden, Man o’ War.
ca’s biggest entertain m e n t industry. From Wall Street to Main Street, and
, Hold lobbies where teams stayed in cluding both wuli nf Penns ylv ania Av-
teemed with gamblers. "Hippodroming” enue, America back then —when a UB.
was the 1 9th century word for throwing senator appeared in advertisements en-
games, and in postwar America there dorsing Lucky Strike cigarettes — was
was a new brazeo n ess among gamblers, immeasurably less scrupulous about
On SepL 10, 1920, various WaD Street standards of behavior than it is today,
brokerages received “flashes” on their Baseball put its house in order Nyausr
news wires: Babe Ruth and some team- of the Black Sax. Ten years later the
mates had been injured in an accident en crash ushered in a new age of regulation
route to Cleveland. Quickly the odds on of financial institutions. And various
that game changed, and the gamblers, scandals, before and after Watergate,
the source of the He, cleaned up. have produced refinements (and some
over-refinements) in rales about com-
portment in the corridas of power.
Letters intended Jar pubfication Civilization advances by fits and
■ should be addressed “Letters to die starts, often stimulated by shocked sen-
EtSlar” tmd contain the writer's signa- sibUities. As another baseball season
ture. name aid full address La- comes to a dimax, it is well to consider
ters should be brief and are stdjea to bow far America has come in the 68
airing We cannot be nspcnsihk far years since Chicago children began their
the ream cf unsobated manuscripts. ■ sandlot games with the cry “Play bad!”
] Washington Past Writers Croup.
W ASHINGTON — General Maxwell D. Tay-
lor, chairman of the Joint Chiefs of Staff, did
not succeed in shearing lieutenant Colonel John
Paul Vann when he canceled the cdond’s sched-
uled brirftog for the American military leadership at
the Pentagon on July 8, 1963. The “students” Colo-
nel Vann had left behind in South Vietnam spoke
for him. He did sot have to do any long-distance
leaking from Washington. We had absorbed his
lessons well enough to proceed on our own.
D
The American reporters shared the miliiaiy advis-
ers’ sense of commitment to the war. Our ideological
prism and cultural biases were in no way different.
We regarded the conflict as our war, too. We be-
lieved m what our government said it was Dying IO
accomplish in Vietnam, and we wanted our country
to win this war just as passionately as Criood Yann,
who had ted the advisory effort in the northern
Mekong Delta, and his captains did.
David Halberstam of The New York Times
thanked Colonel Vann for the lessons when the
colonel wrote him lata that July and remarked on
how daringly critical of President Ngo Dinh
Diem’s regime the American correspondents in
Saigon had become in their coverage of the Bud-
dhist crisis. (The political crisis bad begun (hat
spring when the regime had forbidden the flying of
the Buddhist flag on Buddha’s birthday and then
crushed a Buddhist protest, killing nine people.
The monks had fought bade with public suicides by
fire and street demonstrations in urban centos.)
“This was the tune to go for broke and use all dur
ammo — while people were really watching,” Mr.
Halberstam agreed m his letter of reply. “We think
and talk about you all (be time, and often when we
write it is with yon in mind. Bat more important,
I think you ought to know that what you taught us
about the Mekong Delta remains of crucial impor-
tance in covering this story, rhat it is almost impos-
sible to kid us now, that we know exactly what to
look for and what the heart of the matter is. In the
face of the monumental effort here to con as, we
have mental flak jackets yew gave us,”
On Aug. 15, a little more than five weeks after
Colonel Vann’s day of rage and despair at the
Pentagon, an updated version of his view of the war
appeared on the front page of The New York
Times under Mr. Halberstam’s byline.
Mr. Halberstam, who had covered the war since
September 1962 (he left Vietnam in December
1963), did not dare to state Daily that the Viet Cong
were winning. None of the resident correspondents
dared this yet He knew that his editors in New Yodc
were already frightened by his rmortiiig. A straight-
forward assertion that the Viet Cong were winning
would make them more muons and they would say
itwas subjecave and refuse to prist h. He th ei rf oie
organized the facts to make the statement for him.
The headline writer saw the point and set it over the
story: “Vietnamese Reds Gain in Key Area.”
“South Vietnam's military wtuatinn in the vital
Mekong Della has deteriorated in the last year, and
informed officials are wanting of ominous signs,”
Mr. Halberstam’s dispatch began. He pfled fact
upon fact to describe the Co marais t buildup.
A year earlier, the guerillas bad bees ass embling
in formations no large than 250 men. Now they
were massing in groups of “600 and even 1,000 "
A year earlier, the Viet Coog had avoided the
Army of the Republic of Vietnam and concentrated
By NeU Sheehan
The writer war Saigon bureau chief for United
Press International from April 1962 to April 1964
and a correspondent there for The New York Times
from August 1965 to Aupist 1966.
on the inferior Civ3 Guards and Tnitjii* Today,
because of their new strength in captured uA
weapons, they were “pricking fights” with Saigon’s
regulars. “They are almost cocky about it he
quoted an unidentified American adviser as saying.
“Increasing quantities of Communist-made
weapons and ammunition” were bring smuggled
into the South to supplement the captured Ameri-
can arms, and the guerrillas were also an giriring
better radio communications than ever. The objec-
tive of these preparations was still more alarming.
Mr. Halberstam quoted an “expert source” as
having warned that the Ieaderriup is Hanot was
bunding toward a strategy of “fast, hard-hitting
mobile warfare” to overwhelm the ARVN.
Mr. Halberstam and I and the other correspon-
dents had seized on the Buddhist crisis, as we had on
the humiliating defeat of the regime's troops in the
battle of Ap Bac the previous January.
We had been holding it up as proof that the Diem
government was as bankrupt politically as it was
militarily. Genera] Paul D. Harkins, the command-
The story teas meant to be a
*
land mine of fact . But the
force of the explosion did not
blow away the fantasy.
ing general in Saigon, had retreated to the argument
that although the Buddhist movement had mar-
shaled discontent in the cities and towns, it had not
interfered with the successful prosecution of (he war
against the guerrillas in the countryside.
Mr. Halberstam’s Aug. IS story was truth re-
vealed with a hidden motive. It was mean t to be a
land mine of fact to blow up tins newest Harkins
stage set and compel tbe Kennedy administration to
face the reality that it was losing. The dispatch did
detonate in Washington with tbe blast of a mine —
but the force of the explosion did not blow away the
fantasy as Mr. Halberstam bad hoped it would.
President Kennedy tienumderi to know if there
was any truth in the story. Major General Victor
Kntlak of tbe Marine Corps, a Harkins ally at the
Pentagon, appealed to General Harkins, and tbe
latter’s chief of operations. Brigadier General Rich-
ard StDwdl, Teletype*} a lengthy memorandum con-
tradicting the article print by point
Thanks to Generals StilweD and Knilak and to
their own hubris, President Kennedy and the major-
ity of those at tbe top of his administration retained
confidence in the generals. Secretary of State Dean
Rusk went out of ms way to denounce Mr. Halber-
stam's article as false at a State Department press
conference tbe day after it was pubhshed.
□
The daim that young reporters on the scene were
inventing bad news hid become more ludicrous than
ever by the late summer of 1963, because by now tbe
majority of the established correspondents in Asia
wboregulariy visited Vietnam raw the war in essen-
tially the same terms as we did.
They included Peter Kalischer and Bernard Kalb
of CBS; James Robinson of NBC; Stanley Kamov,
formerly with Tune and, in 1963, with The Saturday
Evening Post; Robert P. Martin of U.S. News &
World Renon, and Charles Mohr, Time’s chief
correspondent for Southeast Asia. These men were
not the sort to be hoodwinked by a bunch of cuts.
Yet Mr. Halberstam was in soious Double with
his editors in New York. He was fighting for his
professional lffe as wefl as to win a war. The Tunes
did not believe in crusading journalism. Mr. HaJber-
stam might have convinced some of tbe paper's
readers that he was correct about tbe regime and the
war. but he had not convinced bis own superiors.
Tbe two senior news editors in New York. Turner
Cariedgi the managing editor, and Ins deputy, Clif-
ton Daniel, had no wish to see The Times used as a
propaganda platform by the United States govern-
ment They enjoyed an occasional scrap with which-
ever administration was in office.
Mr. Halberstam had forced the papa into a
consistently adversarial position with the Kennedy
administration- Tbe decade of Vietnam was to
change the attitudes of Mr. Cailedge and Mr. Dan-
iel. Both men were to become outspoken advocates
of an aggressive press, but in 1963 the adversarial
role was new and they (fid not like it at dIL
Executives at Tbe Tunes were also still feeling
the pain of tbe controversy over Herbert Mat-
thews’s sympathetic reporting of the pre-Commu-
uisi phase of Fidel Castro's revolution in Cuba.
They were afraid that Mr. Halberstam might be
bringing a similar scandal upon them.
President Diem’s supporters in the press, like
Joseph Alsop with his echo of tbe “Who Lost
China?” witch-hunts of the 1 950s. did not hesitate
to aggravate this fear. In early September, The
New York Journal-American and the other
Hearst newspapers began to accuse Mr. Halber-
stam of bring naive about co mmunis m and pre-
paring the way for a Vietnamese Castro.
Doubts about Mr. Hal bers lam’s reporting grew
as one descended the editing chain of command at
The Tunes. Irritation reinforced the doubts.
Mr. Halberstam’s strengths as a journalist were
his total commitment of time and energy to a story,
the weight and quality of information that flowed
from this commitment and the speed with which he
could write under deadline. During a three-week
period in August and September 1963 tbe ratine
effectively denied all correspondents use of the
telegraph office by imposing a censorship that let
through nothing except propaganda. We had to
send oat all of our dispatenes on commercial airlin-
ers and have them cabled from other Southeast
Asian cities. On one morning, four different arti-
cles totaling about 4,000 words came whirling out
uri Freedman, and the assistant foreign editor,
Nathaniel Gostenzang, were clerkly men who had
never been reporters. They had no sense of the
tensions under which Mr. Halberstam was work-
ing, and instead of seeing his strengths they saw his
chronic shortcomings as a jour nalis t — his ran-on
sentences. Ins mixed-up syntax, his cabling at
greater length than they thought a story warranted.
Their predilection for neatness led them lo focus
on the weaknesses, and so did the complaints from
the copy desk editors, who had lo struggle every
day to ready Mr. Halberstam’s dispatches for print.
The doubts came out is a rush when Marguerite
Higgins of Tbe New York Herald Tribune arrived
in Saigon in August and begun to contradict every-
thing Mr. Halberstam was saying.
For every one of the regular visiting correspon-
dents who saw the war as we did. there were others
in the United States anxious to accept and defend
the official view. Tbe lack of precedoU for such a
wholesale failure by the U.S. military and political
leadership was too much for them to overcome.
Miss Higgins was an example. In 1963 she was. a
famous for eig n correspondent who had the profes-
sional stature that Mr. Halberstam tacked at the
age of 29. She had won a Pulitzer Prize in J9yl for
her reporting in Korea, writing bravely of the
debacles at the beginning of that war.
During her approximately four weeks in Soutn
ViemanTshe filed a series of dispatches sayinc. in
sum, that tbe Buddhist crisis was the invention of
Machiavellian monks and gullible reporters: that
General Harkins and the Diem regime were defeat-
ing the Viet Cong, and that “reporters here wouid
tike to see us lose the war to prove they're right.”
The Tunes' s foreign desk badgered Mr. Halba-
slam with cables about her stories. Tbe inquiries
implied that she might be righi and that he ought to
hedge or correct what he had been reporting.
He was furious and heartsick that al ter all of these
months his own editors did not believe him. He lost
bis temper completely. “Gersiauang. if you men-
tion that woman's name to me one more time 1 will
resim repeal resign and I mean it repeal mean iu' - he
cabled in response to yet another maddening inqui-
ry. At that umc the editors in New York did not
want to transfer him out of Saigon or have him
resign, because the papa might be accused of moral
cowardice, and so (he inquiries about Miss Higgins's
stories stopped, but the doubts remained.
A measure of how lew Mr. Halberstam's credibil-
ity was with his editors in New York — and of how
high they held the credibility of the U.S. government
in 1963 — came in late August when the Diem
regime staged a series of mass arrests and the U.S
Embassy and the CIA station gave tbe administra-
tion a verson that was the opposite of what Mr.
Halberstam reported. Tbe State Deportment re-
leased the official version in Washington.
The editors in New York wanted to print the
official version on the front page and to pul Mr.
Halberstam's story inride the papa. His patron on
The Tunes and tho man who had hired him. James
Reston. who was then running the Washington
bureau as well as writing bis column, stopped them.
He argued that they should not second-guess the
man in the field. He persuaded them to run both
versions side by side on ihe front page under the
same headline, with a statement below the headline
explaining that the conflict reflected “the confused
situation in South Vietnam." The Tunes had never
done anything tike that before.
Three days later, the State Department conceded
that the official version had been wrong.
This article was adapted for The New York
Times from the book " A Bright Shining Lie: John
Paul Vann and America in Vietnam."
LETTERS TO THE EDITOR
i«:bi II* !»•” Ui ^
;
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jrt V.O'JS • - "• *
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U.-Y- • '
si.*-
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Alleged to Have Gas
Regarding “ Poison Gaf: Every-
body Minding His Own Business ’’
(Opinion, Sept. 29):
Bernard Nossiler writes that
Afghanistan, China, Pakistan, In-
dia. Syria, Israel and South Africa
.possess chemical weapons. He re-
to findings attributed to the
Stockholm International Peaoe
Research Institute.
While those countries are in-
deed listed as alleged possessors of
chemical weapons in the 1987 SI-
PRI Yearbook, it is imperative to
note that the allegations have not
been made by SIPRI but rather by
other sources mentioned in the
chapter on chemical weapons.
Furthermore, when public denials
have been made, these denials are
died in tbe chapter.
SI PRI has consistently used the
method of reporting both allega-
tions and denials, with reference
provided as to the sources which
have made the statements, in or-
der to accurately reflect the devel-
opments in the field of chemical
weapons. However, reporting such
statements does not mean that SI-
z PRj has passed judgment on the
factual state of affairs.
1 The type of mis-anributioo in
Mr. Nossuer’s article discredits SI-
pR]*s efforts to inform the public
-as accurately as posable in the area
of chemical weapons.
JOHAN LUNDIN.
Stockholm International
Peace Institute. •
Solna. Sweden.
Silence in Lebanon
In response to the editorial “Fate-
fid Days in Lebanon" (Sept 22):
As a Lebanese, I feel insulted by
what 1 am reading about the choice
of a president for my country. It
seems that tbe United States, Syria
and sometimes Israd (through the
Americans) must have a say.
It is time for the silent majority
to rise and elect the most suitable
candidate to reunite the population
and to purge the system of those
ftho have rendered it weak and
vulnerable. Thank God for &e re-
jection of the foretgQ-Qominated
candidate, and may the people see
-the tight in a person with no affiti-
.ation other than true nationalism.
The only candidate who meets this
criterion is Raymond Edd*.
EDDYAR1DA.
London.
*\ Bright Shining lie’
! w as surprised by your anti-
’ American review of “A Bright
Shining Lie" (Books. SepL 22). Test
or 15 vears ago it may have been
routine, even obligatory, to imply
-in an article touching on Vietnam
• that the North was right, audany-
' wav nationalist and the South was
^ wrong, while the United States was
P arrogant. But do sensible people
'■ still think that way in 1988, with the
boat people continuing to risk titetf
' fives bv the thousands to racape
and even Jane Fonda apologizing?
BRUCE STRASSBURGER-
BangkoK
A Use for Gasoline Tax
The editorial “Raise the Gaso-
line Tax” (Sept. JO) is on target
about the urgent need to increase
this tax in tbe U nited States. Where
it stumbles is when it gropes for a
way to reinject sane of the result-
ingreveaue into the economy.
That is easy: Use it to repair or
prevent some of the catastrophic
damage being done to the environ-
ment by gasoline and other fossil
fuels. The impetus to this world-
saving industry will get money to
its workers, who are consumers.
HERMAN ARCHER.
Giza, Egypt.
Having It Both Ways
I laughed, not unsympathetical-
ly, at the situation of the woman
naval officer who refused, on
grounds of human dignity and fem-
inine modesty, to be watched by
another female — as navy regula-
tions require — while providing a
urine sample for a drug test (“Drtig
Testing vs. Modesty: Dilemma for
U.S Navy.” SepL 3.)
This exemplifies the hypocrisy
and inequity inherent in the wom-
en's movement Such women want
tbe so-called male advantages with-
ont tbe disadvantages. They refuse
to relinquish fexninme privileges.
But if men must be observed, then
so must women. Further, if men
must lace death in battle, so should
women. Otherwise, let’s stop this
nonsense and recognize that equal
human value of tbe sexes does noi
imply biological, physical or emo-
tional equality. Discrimination
based on valid reasons is not unjust
STEPHEN YOUNGER.
Paris.
Diving in the Red Sea
Regarding “ Red Sea Diving"
(Travel SepL 9) by Walter Wells:
The writer could have gone
through an Egyptian dive center.
There are many good ones.
] have lived in Egypt for almost
10 years and find the Egyptian
people quite friendly. I have never
had a problem at any Egyptian
border mossing. Bonier guards of
any nationality can be arbitrary,
but I have never seen an Egyptian
border guard even imply that he
would Accept a “fine."
There are no known attacks by
sharks on divers in the Red Sea.
Tbe sharks may be curious but they
are not hungry, and a diver is usual-
ly as big as die shark. My experi-
ence has been that when someone
yells “Stark,” (fivers grab a mask
and jump in, hoping to see it
The article overlooks the boom
in facilities for divers that tbe
Egyptians are developing; the
young Egyptians who are setting
up dive centers in southern Sinai;
the new hotel facilities available
all along tbe coast, and the nature
preserve at Ras Muhammad.
THOMAS B. HARTWELL
Cano.
r-.r - »*.
■ f
Macroeconomics: Apply It With Rubber Bands
Regarding "Why the Fed Doesn’t Need to 'Cool It’ ”
( Opinion, Sept 17) by Jude Warmiski:
This co mmen t reminded me of instead leap to recommending pd-
why 1 derided some years ago not icy derisions concerning interest
to go on far a doctorate in econom- rates based on the price of gold,
ics. It would appear to be just as Tbe fact that inflation is the result
true now as it was then that macro- of thousands of companies making
economic theory does not closely pricing derisions based on cost and
relate to, and therefore cannot ac- competition, and that gold prices
i economic behav- result from evaluations by many
ior in tforeal world. individual investors of alternative
Macroeconomic theories (con- financial instruments, smear not
caning inflation, growth, unem- to interest Mr. Wa nn i sfa . It is
ployment and so on) consist of enough for hi m that some general
sets of simplistic relationships theoretical ot empirical link may
winch, while generally holding exist between these vastly different
true over lime, regularly fail to hold systems to justify specific short-
. _ ^ 1 - Kv ttlift Pori
true at any particular moment in
time. Microeconomic theories
(about supply, demand, costs,
prices) provide intrinsically true,
bat stiB simplistic, relationships.
Incredibly, no macroeconomic
school of thought is a direct exien-
sion of mkroeconomic concepts.
Economists such as Mr. Wannislo
exist between these vastly different
systems to justify specific short-
term derisions by the Fed.
Ail this brings to mind a col-
league’s response years ago lo a
question about the impact of a cer-
tain policy change cm the economy:
“It afl depends upon the elastic-
ities." You can't argue with that.
TODD D. MARTIN.
GrSfelfing. West Germany.
own
SOUREN MELIKIAN
IN THE IHT EVERY SATURDAY WITH
AUTHORITATIVE WRITING ON THE
WORLD OF ART AND ART AUCTIONS
cutty SAR*
In the fiercely competitive clipper races
from Australia to England, one name stood
out, "Cutty Sark".
A hundred years later. Cutty Sark Scots
Whisky maintains the same tradition of
outstanding quality and style, a distinctive
and delicate whisky in a class of its own.
BLENDED
SCOTS WHISKY
WC?. Scotch 'Whiskies
fo t baa test Kttfe&r ■/.
SCOTS 'WHISKY
&xn»*ioritv Curt, Sark Iba&ici* ft«a»WDr>H7?
Page 6
INTERNATIONAL HERALD TRIBUNE, THURSDAY. OCTOBER 6, 1988
ASIAN
TOPICS
Opposition in Nepal
Showing Signs of life
Nepal's opposition Nepali
Congress Party is showing q gns
of life after successively losing
an armed rebellion in the 1960s.
a 1981 referendum in which
King BLrendra’s nonparty plat-
form swept 55 percent of the
vote, and the death in 1982 of
its longtime leader. Bisweshwar
Prasad Koirala. Mr. Koirala
had been prime minister before
King Birendra's father. King
Mahendra, deposed him in
1960 and outlawed political ac-
tivity.
Today, “we are banned but
active,” Krishna Prasa Hat-
tarai, the Nepali Congress Par-
ty’s president, told Sanjoy Ha-
zarika of The New York Tunes.
Two years ago party nominees,
running without a party sym-
bol, won local elections m Kat-
mandu. They were ousted later
in the year for boycotting Con-
stitution Day celebrations on
the anniversary of the over-
throw of the Koirala govern-
ment.
Although parlies are still
banned, private meetings and
discreet handbills are permit-
ted. The Nepali Congress Party
itself has split into two factions,
one that wants to enter the ex-
isting system and one, led by
Mr. BhaUarai, 64, that wants to
keep its distance until the multi-
party system is restored
A senior government official
said the opposition was allowed
to function “as long as it does
not pose a threat to the system.**
He said that “there may be a
role for political parties in the
distant future.”
Around Asia
Beggars are an increasingly
common sight in China, but only
one in five is truly needy, ac-
cording to the government-
owned Peking Review. It said
many were professional beggars
“whose desir e for money sur-
passes their sense of shame.”
Tire influx of beggars has oc-
curred after the relaxation of
laws restricting farm workers
from entering Chinese dries.
Cho Chaogjen, who left a wife
and two children behind when
he defected, from mainland Chi-
na to Taiwan in 1984, was
charged with bigamy after mar-
rying a fellow defector. Kao
Tungping. He said his first mar-
riage was invalid under Taiwan-
ese law. The case is pending.
The Free China Journal of Tai-
pei said the court's verdict
could set a precedent for thou-
sands of Other mainl anders who
remarried in Taiwan after leav-
ing spouses behind on the main-
land.
Wjkfljfe Notes: Seven small
carnivorous piranhas from
South America were caught in a
Singapore storm water c anal.
piranhas are illegal in Singa-
pore but experts said three oth-
ers that apparently escaped
were unlikely to survive, be-
cause of nearby salinity. And
they attack only in large groups.
• The rare Eastern Saras
crane, thought to have been
wiped out in Vietnam when
American troops drained and
defoliated its Mekong Delta
habitat has returned now that
dikes have been buOt to restore
the wetlands, according to the
World Wildlife Fund. At last
report, about 1.000 of the birds
had been sighted.
Acronymania Rages
Among Indonesians
KOPKAMTIB was abol-
ished recently by a KEPPRES,
which created BAKOR-
STANAS to take its place. The
Associated Press reports from
Jakarta. What happened, in
translation from Indonesian
acronymania, is this:
The Operational Command
for the Restoration of Secu rity
and Order (KOPKAMTIB. or
Komando Operas PemuHhan
Ream an an Dan Ketertiban)
was abolished by a presidential
decree (KEPPRES. or keputu-
san president), which created in
its place the Coordinating
Agency for Assisting the
Strengthening of National Sta-
bility (BAKORSTANAS, or
Badan Koordinasi Bantuan Pe-
mapta pan StabQitas Nasional).
Acronyms, usually with the
first syllable instead of the first
letter of a word, are a national
craze. The mam political party
is called GOLKAR, short for
Gdongan Katya (in English.
Functional Groups). Most gov-
ernment officials and depart-
ments have acronyms.
Foreign words and phrases
get acronyms, too. "Neocolo-
nial imperialism” was cut to
“necolim” decades ago. A
Third World athletic tourna-
ment became known as Ganefo
— Games of the Newly Emerg-
ing Forces.
To the uninitiated, the front
pages of Indonesian newspa-
pers look like alphabet soup.
Ozre editor cautioned his staff
about shortening jaksa agung
(attorney general) to j agung.
which means popcorn.
Arthur Higbee
Japan Is Again Accused of Trying to Sanitize Its War Role
By Susan Chira
Vffv Turns Service
TOKYO — A textbook publisher has
deleted a lesson describing Japanese bru-
tality in World War II after protests from
ruling party politicians.
The move drew criticism from educa-
tors and opposition politicians who
charged that Japan was again trying to
sanitize its past.
Unlike the Germans, who teach their
students about German atrocities in the
war. the Japanese seldom discuss the war
publicly. Some Japanese intellectuals, as
well as the neighboring Asian nations
that Japan invaded in the war. fear that
young Japanese are growing up with a
distorted view of history.
Few Japanese textbooks include refer-
ences to the Japanese occupation of Ko-
rea or the slaughter of civilians by Japa-
nese troops in the Chinese city of
Nanjing. Many Japanese students say
they never reach the section about World
War n in their histoty classes.
A group of Japanese revisionist histori-
ans has been trying for several years to
rewrite textbooks to reflect their view
that Japan was unfairly termed the ag-
gressor in World War II.
Attempts to substitute “advance into
China" for “invasion or China” in text-
books. for example, have prompted an-
gry and alarmed denunciations from Chi-
na.
Sanseido Publishing Co„ a major pub-
lisher. touched off a storm of criticism
from a group of ruling party politicians
'and the education division of the parry's
policy-making panel with a five-page les-
son entitled “War.” included in an En-
glish textbook for senior high schools.
Fukuo Ishinabe, Sanseido’ s editOT in
chief, said no one in the government had
exerted pressure on the publishing bouse,
adding that he had voluntarily with-
drawn - the lesson.
The textbook passage read, in part:
“Which nation is the most crud?”
“The Germans."
“No. No. The Japanese.”
A Japanese narrator relates his shock
and embarrassment at hearing this in a
party of Southeast Asians. A Malaysian
then describes watching a Japanese sol-
dier run his sword through a Malaysian
baby, killing ibe child in from of bis
mother.
But the narrator continues: "War
makes people cruel So we cannot say one
nation is more cruel than another."
He describes American troops in Viet-
nam, who “scatter poison by helicopter”
— presumably Agent Orange, a defoliant
suspected to have caused birth defects
among Vietnamese and the children of
U.S. servicemen.
The lesson ends with (he statement,
“These stories are sad. but sometimes we
"The lesson includes
parts that say Japan is
the world’s most
cruel country. We
concluded we cannot
let this textbook be
used.’
Sbizuka Kamel,
A right-wing legislator
have to face uncomfortable things to
make our life better."
Allbough the textbook passed an Edu-
cation Ministry screening last June and
24.000 copies have already been ordered
for senior high schools nationwide, sever-
al mlin g party politicians protested.
shiswlra Kama, a prominent right-
wing legislator from the’ ruling party and
an outspoken advocate of the revisionist -
camp, said a group of 41 like-minded .
legislators met late jn September to cam-
paign against the textbook.
“It is but of the question to include,
material to promote a certain ideology."
Mr. Ramei said. “The lesson includes
parts that say Japan is the world's most
cruel country and a story which cannot
be proved. $fe concluded we cannot let
this textbook be used at schools.”
Mr. KameTs group supported Seisuke
Okuno, the Cabinet minister forced to
resign this spring after he said that Japan
did not have any “aggressive intentions”
in China in the 1930s.
Although Mr. Kama represents the
right wing of the ruling party, several
accounts of the cabinet meeting where
ministers discussed Mr. Okuno’s resigna-
tion suggested that several ruling party
leaders supported Mr. Okuno and his
view of history.
The Japan Teachers’ Union and the
opposition Japan Socialist Party de-
nounced the decision to amend the text-
book and charged that the ruling party
‘"Mss- •«<
. Japan-Teachers Union said, ihe acuo
bvthe ruling party ?nd measures ^ e j
by the Education Mimstry.and U*
listing company is teadmg in a very a**-
genius direction.” . .
“ Gen taro Nakajima, the minister or
education, denied. exerting any Jjwgj
on Sanseido. “Various voices were rai*»
on this issue,” he said. “But **dj*P*
■ a totally voluntary decision on the pu°
fishing company, and the annssay ^ac-
cepted their offer to change the text-
book/*
Mr. Ishinabe said Sanseido acted after
reading press accounts that distorted ux
textbook passage to make it seran as a.
Japanese were innately cruel people. .
“We to change it because inis
misunderstanding could be a hindrance
to the healthy cultivation of student^
sentiments,” he said. “There has
direct contact or pressure. We shahccO"
limp holding to the principle of freedom
of speech in our publication business.
The publishing company will replace
the l esson on war with one describing the
musical “My Fair Lady.”
Khomeini Urges Iranians to Rebuild
Without the Help of U.S. or Soviets
By Elaine Sciolino
Sew York Times St nw
WASHINGTON — In a state-
ment oq Iran’s postwar policies.
Ayatollah Ruhollah Khomeini has
called on the Iranian people to re-
build the country without relying
on either the Soviet Union or the
United Slates.
The statement, reported by the
Iranian press on Monday and
made available in Washington on
Tuesday, appeared to run counter
to speculation in the West that Iran
was eager to reopen talks with the
United States.
“God willing , the warrior Irani-
an people will maintain their revo-
lutionary and sacred rancor and
anger in their hearts and use their
oppressor-burning flames against
the criminal Soviet Union and the
world-devouring United States and
their surrogates," Ayatollah Kho-
meini said in a written message.
The Iranian leader. 86. who is
said to be in very poor health, add-
ed, “As long as 1 live, I will not
allow the real direction of our poli-
cies to change,” repealing the im-
portance of the long-held policy of
“neither East nor West.”
Ayatollah Khomeini’s statement
was issued as the While House and
the State Department repeated
strong denials that the United
States was talking with Tehran
about the release of the nine Amer-
icans held hostage by Iranian-
backed groups in Lebanon as a
prelude to an improvement in ties.
The denials occurred a day after
the release in Lebanon of an Indian
citizen with U.S. resident status
who had been held hostage by pro-
Iranian kidnappers for more than
20 months.
The former hostage. Miihilesh-
war Singh, said in Damascus that
he bad not been treated as harshly
ns be bad expected and that the
three Americans held with him
were all right.
The ayatollah's statement was is-
sued in response to a letter from
Iran's senior officials asking about
guidelines for reconstruction.
Those seeking guidance were
Hasbemi Rafsanjani, speaker of
the Ir anian parliament and com-
mander in chief of the armed
forces; Ayatollah Abdul Karim
Musavi- Anlabill the chief justice,
and Mir Hussein Moussavi, the
prime minister.
The statement by Ayatollah
Khomeini was his fullest explana-
tion of how he believes Iran should
try to rebuild its economic, social
and military systems since Iran em-
braced a cease-fire in the Gulf War
on Aug. 20.
Despite the “acceptance of
peace,” he said, the development
and expansion of the country's de-
fensive and military power “is one
of the fun dam ental and primary
objective of reconstruction."
Some experts say they believe his
remarks were little more than a
restatement of his repeated desire
to keep Iran independent of domi-
nance by either of the superpowers
and would, therefore, have little
effect on efforts of his subordinates
to rebuild the country with the help
of outsiders.
But they said the statement
could also be a warning to go slow
ro those elements of the regime who
have concluded that face-to-face
negotiations with the United States
are inevitable.
If statements from Tehran and
Washington are any guide, the nor-
malization of relations between
Britain and Iran last week and the
release of Mr. Singh do not appear
to have brought tire United States
and Iran closer to improving diplo-
matic relations.
in a brief exchange with report-
ers. President Ronald Reagan de-
nied that the United States had
negotiated or would negotiate the
release of the hostages, and he de-
clined to speculate on why the cap-
tors freed Mr. Singh.
■ Bosh Linked to Release
A former president of Iran said
that an aide to Vice President
George Bush negotiated Mr.
Singh's release and that Iran re-
ceived arms, possibly in a deal to
free the captive, The Associated
press reported from Paris.
But the former president Abol-
jbassan Bani-Sadr. said Tuesday
that he did not know if the ship-
ment of weapons was related to the
release.
“There has been a delivery of
arms to Iran." he said. "Does that
have something to do with the re-
lease? I don’t know.” He gave no
details.
A spokesman for Mr. Bush, the
Republican presidential nominee,
termed Mr. Bani-Sadr s remarks
“absolutely false.”
Mr. Bani-Sadr said in Paris,
; where he lives in exile, that accord-
ing to his information, a man
named Richard Lawless negotiated
the release of Mr. Singh. But be
said Mr. Lawless "has denied iL"
“I am trying to verity it" he
added.
The While House spokesman.
Martin Fitzwater, said in Washing-
ton: “There is a fellow named Law-
less. He is over there. What he’s up
to, nobody knows. But he doesn't
represent the United States. He
does not represent the vice presi-
dent or the president or anybody
else."
Mr. Fitzwater said Lhat the
"charges are not true — from top to
bottom.”
"Bani- Sadr’s full of beans.” he
said.
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The United Nations secretary-general, Javier P&rez de CtteOar, lefi,-and Foreign Minister Tariq Azfrv
of Iraq entering a meeting in New Yorit to discuss restming negotiations on a permanent peace wife
ban. Mr. Aziz said aba* a meeting on Wednesday that the talks were a “constructive exchange.”
Israel Vote Unit Bans Kahane Party
From Role in Parliament Elections
By Joel Brinkley
Sew York Times Service
JERUSALEM — Israel's Cen-
tral Election Commission banned
Rabbi Meir Kahane’s extremist
Kach Paity on Wednesday bom
participating in Israel's partiamen-
tary elections next month.
The commission ruled 28 to 5
that Mr. Kahane. an American em-
igrant who advocates forcible ex-
pulsion of all 22 million Arabs
bom Israel and its occupied territo-
ries. headed a party that was “rac-
ist” and “undemocratic.” under a
law. The law was written three
years ago specifically to disqualify
Kach from participation in elec-
tions.
Mr. Kahane had said he would
appeal any ban to the Supreme
Coun. But if the court upholds the
election commission’s baa, the dis-
qualification would be a major
boon to the conservative Likud
Party. It might give Prime Minister
Yitzhak S hamir 's party the edge it
needs to form a coalition to control
Israel’s government for the next
four years.
Pollsters and analysts of the left
and the right now rate the election
a tie. Polls show that neither For-
eign Minister Shimon Ffcres’s La-
bor Party nor Mr. Shamir’s Likud
are likely to gain enough seats, even
with their likely coalition partners,
to gain control of the government
But an independent political
pollster and analyst Hanoch
Smith, said Ms surveys over the last
several months ' have shown that
Likud could take a majority of the
seats — if I-ikp ri was w illing to talr£
Kach as a coalition partner.
Kach now has just one seat in
Israel’s 120-seat pariiameat. Mr.
Kahane fills h. But the 10-month
Palestinian uprising has driven
thousands of rightist voters even
farther right, and surveys now
show that Mr. Kahane’s party
would get at least three seats in the
next pariiameat.
“Without Kahane, they won’t be
able to get a majority” unless pre-
sent trends change, Mr. Smith said
last week.
Rabbi Kahane’s views are so ex-
treme that Mr. Shamir has said be
would not join forces with him,
even if accepting Kach as apartner
would give him theneeded 61 seals.
But if die ban against Kach is up-
.held, those votes would almost tifa-
tainly go to other rightist partibs
that would be acceptable coalition
partners for Ukud.
Recognizing that, fkutiel Ben-
Ya'acov, a Kach spokesman, said
Wednesday’s election commission
vote “was a political decision made
by pohtidans.”
But conmnssioQ. members, all of
them sitting arasphing members of
the parliament from other parties,
said they voted, to ban Kach be-
cause it espoused “Nazi-like ideol-
ogy,” and “rarism.”
The election conmusaou banned
Kach bom running in the Iasi elec-
tion. too. But the Supreme Court
overturned that ban, saying .there
was no law to support it
So in its present session, the' par-
iiameat passed the law banning
parties that are “racist' or “undem-
ocratic,” specifically so the ojde-
mission would have a legal founlfi-
tkm for banning Kach this time
INTERNATIONAL CLASSIFIED
(Continued from Back Page)
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4
Italians Soften the Sexy Look
\.. * CoBection Brightens an Otherwise Dull Day
INTERNATIONAL HERALD TRIBUNE. THUBSnAY OCTOBER
6. 1988
Page 7
mm
*;to.
*■*
m r
**•
law
:«•
By Suzy Menkes
Tribune
-"-.-‘sss.—
sH-Fi-.s
, ^^collections are showing
vaafrfB
■o W ^»W»8»W
• •• . -s s'-'S "W* m /
SOVIET: Market Reforms Urged
tr % t; i x .. C
nitHise with beige and grey drani-
paung the show. The aim was to
•i
S?*t24SSS5
°p bare anns and legs.
Sf-.*-.-.®
jsn « Luciano Soprani, where
the designer has always favored
Jbe stony beiges and greys of
**“»*$■ Those cdSsSiS
“t for sfllcen sleeveless coats
jtet were really open-sided^
!£* "RPP^S to the calf. Un-
derneath went long-sleeved
WOTses and pants in dkffon.
jnose pants were wide — very
JJfjf vT a ? d camc al» in silk
de !*■*» “d® long fitted
skirts, winch came in smudgy
prints. The curvy jrckels with
spotty wide-feg pants looked Kve-
MILAN FASHION
lier. Chiffon scarves drifting
®oout, voik tames with pants and
kyered chiffon skirts aD softened
toe silhouette. J^fid-calf dresses,
fitted to the body, seemed newer,
and a few Indian colors — bu^t
umbo-, ocher and mustard vdlow
— spiced things up.
Missoni put some fizz into a
““5 da? by producing its best
and b right est collection in years.
The patchworks of color, zmgy
™uces of pattern and tapestries
of knit went back to Missoni
baacs. They also recalled those
swinging days when fight boxes
oozed globules of color and Mini
mgs were something you cut up
to wear. ^
That ethnic mood is back in
fashion, and the show might
have used it to shape toe dotoes.
which were
T unaer long fit
jackets, or in fluttering diiffon. wmcn were pretty regular: kme
i5SL°y* «^SsT £ tbTgsTSdif
IW knobbly tweed win feather light
materials, the line looked heavy.
The filmy fabrics seemed most
S"“ ?ht - Whn,dre ^
«, rnened on the bodice, had
baUeHcngth skirts in
^cMon layered ovff a d^p
BasSe
quiet
rainbow lmi t
Stained glass window patterns
amd mosaic prints were other
Missoni ideas from the archives.
They came on the veiy long tn-
btdar or swingy skirts and on
loose dresses with a raised waist.
Rants were wide below a nar-
rower top half. Bright swimsuits
wwc piped with pattern and toe
same print exploded over sarong
wraps.
The wife of the U.S. ambassa-
dor to Italy, Ruth Rabb. is up
from Rome to view some shows
and was at Ferragamo in a lip-
stick red jacket. “It was just
beautiful," was her judgment on
a collection that had most of the
current Milan themes, incl uding
toe newly revived day dress and
the wider pants. These were done
in an understated way with col-
ors drawn from nature: beige,
tan and shades of green from
apple through
Complice; when n«Mi» Mon-
tana was its designer, used to be
known for giving French polish
to Milan style.
Muriel Gratteau, the current
desp”^, is French, and she
wave^ to e flag with her French
Revolution theme that brought
m striped vests and pants and
graphic tricolor designs. Thai
meaoi her princess dresses,
which might have looked sweet,
wsre bisected into garish blocks
of red, white and navy.
. Navy dominated the cofiec-
hon, best for a high- waist jump
ant. Other forget-it ideas were
‘tosses in solid silk to toe knee
but sheer chiffon to the calf
txanqjarent singlets with beD-
bottom pants and a gypsy lay-
ered. dress with hankerchief-
pomt skirt It looked like a house
m need of a designer revolution.
f . ‘V. *
r..~w -ttsac? .
itf'
-. v/:\; :JSl.
iV-i- v
'$'> ' •> M' ■
^* > » i r * y> - T
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• * - yt S fi m m w» A
; ; •' - ;• - v •
Ak.
rl
V 1
QA: 2 Orders Said to Loosen Rules CHILE:
^ interpreted as having an too- bembine.^ toat to£ A Big TlimOUt
A bright collection from Missoni; Here,
cokHfni canfigan over a swingy striped sift stoT*^
(Continued from page I)
instrument of public control over
quality and cost,” he said.
Challenging the conventional
Marxist-Leninist view that toe
state must own all productive prop-
erty. he said toe current experi-
ments with cooperative ownership
and renting property to farmers
and small entrepreneurs should be
expanded to heavy industry.
“Our previous concepts of public
property and our altitudes to this i
problem have proved to be untena-
ble," be said. His comments were
reminiscent of Mr. Yakovlev’s dec-
laration in August that toe key to
economic change was “ins tiffing a
sense of ownership" in workers and
farmers.
Mr. Medvedev, like Mr. Gorba-
chev. rejected toe idea of allowing a
Jonnal political opposition to toe
Communist Party, while leaving
toe way open for creation of new
"public organizations" that would
defend toe interests of citizens.
■ Moscow Faults Romania
Michael Dobbs of The Washing-
ton Post reported from Moscow:
, Mr. Gorbachev met Wednesday
in Moscow with toe Romanian
, j ! s, ' co * ae Ceausescu, and sre-
nutra toe Kremlin’s concern over
economic and political policies that
have left Romania out of step with
its Communist neighors.
In an unusually blunt luncheon
address, the Soviet leader made it
clear that he is disturbed by eco-
nomic mismanagement and human
rights violations in Romania. He
said that toe failings of any Com-
raumst country could bring dis-
credit on the entire Communist
system.
indirect appeal to Mr. Ceausescu to
pay attention to protests voiced bv
neighboring countries over his en-
vironmema] policies.
In hk reply* Mr. Ceausescu indi-
cated that he intended to continue
along his solitary path. He told Mr.
Gorbachev that “one should al-
ways bear in mind toe fact toat the
revolutionary process is unioldin®
in each country in different condi-
uons.
HcrallC rtrJ Sribnnr.
BUSINESS /FINANCE
MORE
business
NEWS
( f ThrTnb\humM \
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romprdicnsnc ihns o a. I
fcmdjviikpj&aj I
wilh ihc hamm non J
. >>Al[Wl /
1 AnJ muLh. mull mtn. f
Mcndav
fl!g^XVlJi<'lniaTijitm| lri»jii
and World S».vU in
TiuMiay: imanaMaaififea^ hlatka
Wodnesdjv : .MjJistmAvwiiM
ThiBMlav: lniemjnnn.iJ
Friday: WaBSinm Wjuch
Saiunln.
Eo BUmilL Sivn»-
T m«liy ihr< wh Saiunlav-
CumnuNAlirt^. '
the xxivkl
uTnun mnih.
••Vnd (Ik! Lli9i{ rin m.nl
r^aiie,LNvn ibi
iMrfi.s.Tdf
...
Kalia t
mlEh
U — "—it m "*y jwiii up
^^^MStydefinitively why they torrorist activity
(Mr. Bush, asked during an aj>-
Pfarance in Lmleton, Cobradolf
toe report m The Watoington Post
wre. tore, said: “Absohitdy not
To circumvent the law against as-
^^ations is absttodely crinri-
. The Reagan admimstration's de-
casion to undertake potentially vio-
lent actions to counter terrorism
grew emt of intense frustration with
oonunued car bombings of UA
bufldings and the taking of hos-
tages in Lebanon, sources said
Mr. Reagan signed the first find-
ing with the so-called license- to-Jrill
ihmguage on Nov. 13, 1984, just
days after his landslide re-election
victory. The House and Senate in-
telligence committees were not told
of toe critical language of toe find-
Doubt Qtmyh Helps Dukakis dose Gap
(Continued from page 1) n, e m . . “
been resemd-
Tlns report, in The Washington
Post, provoked concern in the con-
gressional committees charged
wto overseeing covert activities,
which demanded an explanation
from the administration. They were
StSteS gQi8 ' ofl,KN “ v -
Committee members raised
questions about its apparently
7.4 nnUion Chileans who had regis-
tered to vote in the p lebi scite.
Opposition leaders also were
conoemed about some discrepan-
ces between t ec hn ical infor mation
toeywere receiving &om torn poll-
ii!t
could evade the prohibition on any
revolvement in assassinations: The
QA assured the committees that
toe order had been rescinded and
noionger applied, officials said.
Sf. packing of TWA
Flight 847 m June 1985, Mr. Rea-
gan signed a second finding on
Aug. 1 1 with similar “good faith”
lan g ua ge
Inis time the committees were
Ity the government. They said toe
toferepaades could affect toe two
sdey vote final totals.
A majority of yes votes in the
would serve right more
yearn as president. Rqection of his
candidacy would mean he would
remam in office for nearly another-
year and a half, after which free
presidential elections most be M d,
There were only scattered re-
ports of irregularities, despite spec-
ulation that violence and mtixnida-
tiou would keep voters from toe
clearly hurting the Republican
Mr. Bentsen was an easy
wuiner when voters were asked if
they would vote for him or Mr
Quayle if toe election were only for
a vice president.
Among toe minority of voters
who said toat their opinion of toe
vice presidential candidate s mat ,
tered “a lot" in deciding bow they
would vote for president, Mr. Du-
kakis led by 50 percent to 35 per-
cent Among toe rest, Mr. Bush led
by 50 percent to 39 percent
The dropoff for the Republican
ticket among voters concerned
about the vice presidency canv> not
only because of the apparent low
esteem in winch toe electorate
holds Mr. Quayle. but also because
of Mr. Bentsen’s relatively high
standing among the voters, particu-
larly among moderates and conser-
vatives.
Although the survey was gener-
cent of toe voters said Mr. Dukakis
Under Mr. Ceausescu, Romania
feWpSESKSSSlI Call Toll-Free
state in Europe outside Albania. It 1
has also become embroiled
was a liberal, up from 36 percent
tort month and 27 percent last
May. Only 41 percent in toe new
pofi saw Mr. Dukakis as a moder-
ate or a conservative, down from 48
percent m September.
the
The Middle West is the region
where Mr. Bush’s campaign has
sudjhat Mr. Quayle would help
ublican ticket. But the poll
he is not doing so.
Mr. Bush has also said that Mr.
The huge minority of voters de- Q^ y,e wocJd *>elp toe Republican
senbe themselves as moderate (45 among younger voters. Bm
percent) w conservative (34 per- lhe P<>H suggested that toe Indiana
oatt). Only 15 percent call them- amaior may be hurting Mr Bush
»nong young people even more
1 be poD suggested that the elec- ^ m the rest of toe electorate.
tion may be hardening ajong re-
ponal lines. Mr. Bush had a con-
aderable lead over Mr. Dnkakis in
toe South and the vice president
vras also ahead in toe West Mr.
Oukakis led in the Northeast,
where he gained more pound than
anywhere rise in the country.
The Middle West is becoming
» /-I— I ..1 . O
In toe presidential contest, there
was one striking shift recorded in
toe new survey: the virtual disap-
pearance of the “gender gap”^
In the new survey, the choice
among men was 46 percent for Mr
J«h and 43 percent for Mr. Dnka-
dispuie with its more progressive
Communist neighbor. Hungary
over reports of discrimination
against us large Hungarian min nr.
ity.
. Although Mr. Gorbachev’s criti-
cism of Romania was indirect, his
message was clear. He told Mr.
Ceausescu that several Communist
countries were pursuing “profound
reforms" while others were trying
to resolve their problems “within
the frameworks of existing struc-
tures and methods."
Noting that toe reputation of
Communism would rise or fall ac-
cording to toe “combined experi-
race of the socialist nations," Mr
Gorbachev added. “The success of
each of them -will be a common
# I . _ , — *• wurniuu
ideological achievement, but the
failure of any can, alas, mean a
common setback."
uu
residence of Mohammed Hossrin
Fadlallah, leader of the HezboIIah,
or Party of God, faetkm rf pro-
Iranian militants that toe United
States has tied to terrorist actions,
including the 1983 bombing of toe
U.S. Marine Cops compound in
a Lebanon.
S’ The 1985 explosion killed more
than 80 people, but not Mr, Fadlal-
lah. The bombing was carried out
by a group of Lebanese intelligence
officers. U.S. officials originally
considered these Lebanese poten-
tial assets for anti-terrorist opera-
tions envisioned in the Nov. 13,
1984, intelligence finding.
But officials have said that Mr.
Casey, frustrated by his agency’s
failure to act rapidly, asked Saudi
Arabia to finance and organ™ the
Fadlallah bombing as an “off toe
books" operation outside official
U.S. channels.
A month later, in May 1985, it
was reported that reportal Leba-
nese intelligence agents had been
, luupiuvuHoa
of toe order. Yet another intelli-
gence finding on anti-terrorist ac-
twty superaeding toe Aug 11.
agued on May
12, 1986, without the disputed lan-
guage. It remans in force.
Interviews in Washington and
abroad, and a detailed review of
tiras mto the Iran-contra affair,
show that the foil extent and scope
of toe White House secret war
agamst terrorists operated on many
tracks, and some aspects of it are
still secret.
The language in the 1984 and
1985 findings is ambiguous. The
orders state that actions underta-
ken in good faith and as part of an
approved operation “must be and
are deemed 6 to be lawful
As an officia l said, the language
is “inconsistent.” The drafters
seemed to want to have it both
ways, insisting toat all actions
“nnm be" lawful but also stating
that they “are deemed" lawful in
advance:
TENURE: Lesson in Thatcherism
(Continued From page 1)
five-year contracts. And there will
almost certainly be a next fmv The
direct government contribution,
45.7 percent of Oxford’s total in-
come last year, the equivalent of
SSI million, is scheduled to decline
by 2.5 percent a year for toe next
three years.
It has been hard for British aca-
demics to get used la Since the
early part of this century, the gov-
ernment has provided money in
abundance to all 54 universities in
the United Kingdom.
IW'
(fl-TY
But Mra. Thatcher began nitrtng
. back spending on education in
1981. A decade ago. direct, uncon-
ditional government grants provid-
ed the university system with 75
percent of its recurrent income; last
- year, 55 percent
The government also pays tm-
- dergraduate tuition, dose to $5,000
■jm a year at Oxford, for most British
\ Y ' students.
The government says the policy
is intended to make toe unrrcrsily
system reorganize itself along ratio-
nal lines, concentrating studies in
specialized fidds at toe places that
do than best
Mr. Brewster said the more seri-
ous question was whether the
unique, and expensive, system of
one-on-ooe tutorial undogr&duAte
instruction could continue much
longer at Oxford and Cambridge.
There are 9,730 undergraduates,
3.500 postgraduates and about
2^500 academic and research ginff
at Oxford.
“There’s the political constraint
of not doing for anybody what you
can’t do for everybody." he said.
“When the govemmau in this
country took over most of the cost
of higher education, the colleges
were Ity and large for the privi-
leged.
‘There is a real question whether
the costs wflj be met in an iztereas-
sodety. It would
a shame if they aren’t"
Henry Drncker, the American
cated General Pinochet would lose.
The campaign battle between
general Pinochet's supporters and
those who supported a no vote was
a bitter one. Bui Wednesday’s vot-
rng was peaceful a shared experi-
ence that provided remarkable
scenes of a nation re-enconnlering
its past and relishing the expression
o» its public wiH
The tranquillity was particularly
wdowne after a tense night of
blackouts that affected a broad
central swath of the country, in-
cluding metropolitan Santiago!
During the campaign. General
Pinochet lifted all states of emer-
gency for toe first time in 15 years.
He ended forced exile and allowed
toe opposition unprecedented ac-
cess to television.
■ Constitution Fear
Many diplomats and Chilean
lawyers believe Che constitution un-
der which toe vote was taken as-
sures continued military domi-
nance whether the conn tty votes
for or against toe extension of Gen-
eral Pinochet’s direct role, Reuters
reported from Santiago.
If the general loses the vote, the
constitution grants him another
year as president, makes him a sen-
ator for life and, most importantly
leaves him in command of the”
57,000- member army.
The Chilean Army has enabled
Mr ™ gave ne insisted toat
ta«™? L,rEerad ™ u ® : bAitar ^ the common
concern of alL This was seen as an
ing, the sources said. _ ^
was rescinded cm after toe finding P°Us or that toe government would »ui»cy was gener- me west is becomum cent for Mr ' r “ ^- uw,cu e«i mat any country was
Aprd 10. 985, a month after a car "?* S, « IM 4 they continued to “““l vote at toe last minute, ft P 0 * 1 ** “w* Mr. Dukakis. election’s battleground — 43 P 6 ”* 31 * , fre ? 10 P 11 ™" its national interests,
bomb exploded in Beirut near toe ^sequestions about this provision Most independent polls had indi- “trained sane disquieting the poll showed the contest is u r n,,'rL « J. , ore> taea gave he insisted that “the savine of
” — •“ signals for toe Democratic nom- virtually evea The candidatoare advaniao ^ h,.m.„ OI ““
nee. The Bush campaign has dearly
succeeded in severely tarnishing
Mr. Dukakis’s public imag* More
voters view Mr. Dukakis unfavor-
ably (35 percent) than favorably
(32 percent). That was the high est
“favorable rating yet recorded for
Mr. Dukakis in a Tnnes-CBS pofl.
High unfavorable ratings are re-
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since they indicate that
voters are disin dined to consider
voting for toe candidate.
Mr. Bush still has a more positive
image: 39 percent saw him favor-
ably and 32 percent viewed him
unfavorably.
These numben help explain why
toe Dukakis campaign is mounting
a fierce attack on Mr. Bush this
week with a senes of tough televi-
sion commercials.
“They've got to go to war with
Bush on TV," said Governor Bill
Urn Iot of Arkansas, a supporter of
Mr. Dukakis. “Bush has called Du-
kakis everything but a mongrel dog
m his television commercials, and
those commercials have to be effec-
tively answered.”
As a result, toe already negative
tone of the 1988 contest is likely to
get even harsher. Since both Mr. I
Bush and Mr. Dukakis are suffer - '
mg from relatively high negative
ratines, each man’s only recourse
en toe assignment of
glqtnmrfooandal picture atOxford,
said, “Tutorials of two stndoats per
tutor, rathe- than one. win be in-
creasingly common.” Each tutor
now has about 12 undergraduates
to teach.
Mr. Drudcff helps the univera-
's vice chancellor, Sir Patrick
(till, to run a five-year private
fond-raising drive, the Campaign
for Oxford, whose goal (somewhere
around $350 million) will be an-
nounced when it begins Oct 26.
_ “Tim rest of the British universi-
ties are depending on us," Mr.
Drucker said. “If we were to fail,
we aren’t going to fail it
be disastrous."
The irony is that for most of its
right centuries of existence, Oxford
was supported entirely by private
funds.
and was his main instrument m the
ruthless antj-Conununist campaign ~
following toe 1973 coup. ftS-
sands of leftists were killed or driv-
en mto exile.
Unlike the navy and toe air
force, tte anny is present in every
level of local and national govem-
mmL Even the governor of the
central bank is an army general.
The vote stems from a constitu-
tion witten in 1980 and adopted in
a Pjctosate that opponents of Gen-
«at ftnochei assert was frauduloiL
Tailor-made to the wishes of the
military, the constitution has been w r^--;
sharply criticized both in Chile and <£.-£*. f! gQ0 *? “vestigacon of
abroad. Solidarity's national spokesman
because the spokesman
1 befwe * U-S. congr
timtoe in Sqrtember.
A government spokesman said
toe goal of the investigation was to
Poland Sets
Inquiry on
Union Aide
By John Tagliabue
New York Times Service
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JOHANNESBURG — Presi-
dent Pieter W. Botha and Foreign
Minister R.F. Botha will attend toe
funeral of the Bavarian premier,
Franz Josef Strauss, in Munich on
Friday, the Foreign Ministry an-
nounced Wednesday.
“We are profi
sets that don’t
come," Mr. Drucker said. “Cfae of
the things we have to do is invest
money to run an effective cam-
paign."
One of toe first things he had to
do was to scrape togethar a mailing
list so toe umveratycould make an
appeal to its 116,000 living gradu-
ates; to most of the alumni the
university had never sent a single
thing since they left
8£00 aircraft that toe West rays the hn ^ fights committee.
Soviets use as defensive intocep- _ In a bitter personal attack, the
I f. .. Polish government spokesman.
Administration officials say the tety Urban, said it was “strange"
West ts prepared to dismiss Soviet ^ “a Polish citizen would appear
. , - proposals to reduce aircraft but is Wore foreign state authorities!
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But administration officials also
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of a treaty
“from promoting cooperation
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Mr. Qnyszkiewicz testified be-
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nsn-American Congress, an otgani-
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Page 8
INTERNATIONAL HERALD TRIBUNE, THURSDAY, OCTOBER 6, 1988
SCIENCE
Call
ToUtFi
•J'P’JTKSg*
)r'.
L
m y
Genetic Disease Hunters Embark on Vast Quest
fww* :t' ? v
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By Harold M. Schmeck Jr.
,Vw York Times Service
N EW YORK — Dr. James D. Waisou.
who is about to assume a key role in
the largest biological research project ever
contemplated, sees it as the redemption of
a longstanding bargain between scientists
and other citizens. “I think it is imperative
to keep our bargain with the people who
have supported biomedical research," he
said in a recent interview.
The project will immensely expand
knowledge of human genetics. Directly and
indirectly, that knowledge will be used to
seek new ways of curing or opping with
important diseases by teasing out the se-
crets of the genes.
Dr. Watson was co-discoverer in 1953 of
the structure erf DNA (deoxyribonucleic
add), die substance of the genes in all
living thin gs. In 1962, he shared a Nobel
Prize for that work with Dr. Frauds H.C.
Crick, now at the Salk Institute in La Jolla,
California, and Dr. Maurice HJF. Wilkins
of Cambridge University in England. The
discovery showed how DNA functions as
the repository of all hereditary information
and led to a revolution in biology that
continues to accelerate and expand.
The job that Dr. Watson begins this
week involves helping to organize a feder-
ally supported project to define all of the
roughly 50.000 to 100.000 human genes, ll
is known as the genome project, a genome
bang the sum of all the genes of any
organism. The project, if approved by Con-
gress. is expected to lake 15 years and to
cost several billion dollars.
The double helix of the DN A molecule is
like a twisted spiral staircase in which the
rungs are made up of pairs of four subunits
called bases: adenine always paired with
thymine, cytosine always paired with gua-
nine. The succession of those bases up and
down the staircase is the code the cell uses
as man ufacturing instructions to make all
the substances that give it life, structure
and function. Gene mapping means find-
ing the precise locations of aS tbe genes on
one or another of tbe 46 human chromo-
somes. Def inin g the genes chemically
means learning the correct identity and
order of all the DNA subunits that make
op all the human genes. This final portion
of the genome project is called sequencing.
Dr. Watson has been appointed asso-
ciate director of the National Institutes of
Health for genome research, a newly creat-
ed post to oversee the institutes' involve-
ment with the genome project.
In his early years of research. Dr. Wat-
son was known as a brash, witty and often
abrasive enfant terrible. Tbe new appoint-
ment seemingly completes his metamor-
phosis into a senior statesman of science.
“People know that i am interested in
biology as a whole," be said. “Of course, I
am also interested in human beings."
The project is a logical outcome of the
discovery made in 1953, but until recently,
the idea would have been derided as fanta-
sy because it was so far beyond the techni-
cal capabilities of the science. The effort is
made posable now by a series of advances
that have increased knowledge of the genes
and allow yrnirh of the work to be done by
machine.
The project is expected to yield benefits
to human health. In recent years, it has
become increasingly dear that genetic fac-
tors are important in many diseases.
“We are the genetic disease hunters,”
said Dr. Watson, a tall, slim man whose
gray hair is receding to wisps, whose eyes
are in tense, whose conversation comes in
short bursts. His comments are sharp. His
distaste for the mediocre comes across
clearly as he discuses the need for high
quality research in the work ahead.
The new project's prime objective is to
map and dome chemically all of the hu-
man gases, and those of some other species
as welL The project has already received
some federal seal money. To go forward
on tbe scale that scientists like Dr. Watson
want, however, major congressional fi-
nancing will be necessary. Hie two lead
agendes will be the National Institutes erf
Health and the Department of Energy,
although the details of bow the project will
be organized are yet to be worked out.
Dr. Watson will continue as director of
the Cold Spring Harbor Laboratory on
Long island , a post he has held since 1968.
The laboratory is known throughout die
world as a center for genetics research.
The genome project has been a matter of"
intense debate ana discussion among sci-
entists- Some have applauded the idea.
Others have argued that such a huge pro-
ject will drain needed funds from many
other areas of biomedical research.
Dr. Watson said he believed the opposi-
tion had dwindled, particularly now that it
is clear that the institutes will play a major
role. The institutes, the federal govern-
ment’s main agency for the financing and
conduct of biomedical research, are widely
respected among scientists.
Besides cost and scope, there are other
similarities between the genome project
and the Ameri can effort that put the first
men on the moon in 1969. Like NASA’s
Apollo project, the genome project does
not require major new scientific discover-
ies. There are many important technical
and engineering problems to be solved, but
no big conceptual question marks.
Gamma Puzzle
Strains Physics
Binary star system \ '£
Companion tU
'faif'- hrotAMraakrtne&vuartroa^ncoeofflkmcttiJsacOTiecanectafga Bapunftfena
Ncr-sv Ponuff* scan arc SwWen fForaiatf* laaaw*i«nu«w* mscala JOK*®**** l
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IleralbSSEribunc
To: Subscription Manger, international Herald Tribune,
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By Walter Sullivan
New York. Tunes Service
F I ARTICLES that seem to vio-
late current theories about the
behavior of radiation from space
are striking the earth ai extremely
high energy, scientists from several
research installations have con-
cluded
The r adiati on was assumed to be
extremely high energy light waves,
or gamma rays, but when it hit the
atmosphere it produces a shower of
debris typical of impacts by matter.
The conclusions were drawn from
simultaneous observations of the
showers by two types of detectors
at the Los Alamos National Lab-
oratory in New Mexico.
The finding is so startling that
the researchers delayed publishing
it for more than a year while they
checked their work and struggled
to find some conventional explana-
tion.
Three possibilities have been
proposed: that gamma rays at high
energy behave hke bits of matter,
even though they are light waves;
that the observations were not of
gamma rays at all but rather of
unexpectedly massive neutrinos,
subatomic particles believed to
have little or no mass, or that the
particles are unknown to science.
This last possibility is “the ultimate
in exotic explanations,” said Dr.
Darragh A. Nagle of Los Alamos
and two colleagues in their report
1/ any of these three explanations
proves correct the implications
would be revolutionary, requiring a
fundamental rethinking of some
basic assumptions of modem phys-
ics. The research confirms and
strengthens observations reported
in 1983 by German astrophysicists.
That report was considered so bi-
zarre that few scientists accepted it
Dr. Malvin A. Ruderman, pro-
fessor of physics at Columbia Uni-
versity in New York and specialist
in elementary particles and astro-
physics, said the observations were
“extraordinarily exciting,” al-
though he wished that more data
on the phenomenon were available.
His view was echoed by Dr. Tre-
vor C. Weekes of tbe Smithsonian
Astrophysical Observatory on
Mount Hopkins in Arizona, who
has also obtained p uzzling results
while observing gamma rays.
The Los Alamos observations
were conducted by a score of physi-
cists. Those playing leading roles
included Dr. Nagle. Dr. Joraan A.
Goodman of tne University of
Maryland. Dr. Guarang B. Yodh of
the University of California at Ir-
A Cosmic Puzzle
Scientists studying gamma rays in cosmic
radiation were astounded when .rr.pacts o' |
what they thought were gamma rays were
accompanied by unexpectedly abundant
showers ot subatomic particles called
muons. Such debris is typical of impacts o'
matter, not giminj rays. The obse-vaben
may force scientists to rethink basic et-
sumptians about matter and energy.
Particle shower
triggered bv impact
of cjmma rays
on atmosphere
Cosmic rays sre belies ed to
come from pou-s of stars rV
which one is an extra meijr
dense neutron star. Moil
cosmic radiation consists .
of positively charg ed parti
ctescalled proton* whose'. .
paths ate bent ujtiej
counter magneo'ch'etdsi
space. But gamma
have rvo char
travel to stra
lowing
their origin.- '£
When gamma rays
strike atoms in the
upper atmosphere,
the impacts
produce showers
of electrons and
positrons, which
canbe measured
in detector* or.
Earth. But recent
eipenmentsalso
detected the other,
unexpected parti--
cies.
• *2 •r v k'V>'s :
Ilkmtfca by Robert Pmennk/Sonrce Soendlic Asebcm
INTERNATIONAL POSITIONS
THE
AMERICAN UNIVERSITY
OF PARIS
The American College m Peril
DEAN OF THE UNIVERSITY
Tbe American UnivefSity of Paris seeks a chief academic officer to
provide dynamic leadership (or the faculty as we embark on a
challenging agenda ot new program development and curricular
innovation.
The American University of Paris is an independent, private institu-
tion of higher education, chartered by the State of Delaware in 1962
and accrecSted by MdcSe States ( reaffirmed 1 988) . It enrolls approxi-
mately 1 100 students from ewer 60 nations (50% American, 15%
mately 1 100 students from ewer 60 nations (50% American, 15%
French) and awards the BA and B.S^ degrees in art history,
comparative literature, computer science, Europe®) cultural studras,
French studies, intematiana] affairs, international business administra-
tion, and international economics. Academic programs are reinforced
by an extensive co-curriculum drawing on the city's cultural resources,
internship opportunities, and the largest English-language Gbray in
contrental Europe. Classes other than fora gn languages are con-
ducted in English; all students must attain competency n French as
wefl.
The successful candidate wti have an earned doctorate in a ifoeral
arts or science discipline, a distinguished record of teaching and
scholarship, and significant experience in academic ackninistration. As
wefl, (s)he should have a demonstrated commitment to effective
shared governance and to exceflencefo academic program s . Fluency
in written and spoken French is preferred.
Salary range is very competitive and commensurate with experi-
ence. Ffeview of apportions will begin November 15 and continue
until the position is filed. Starting date: July 1. 1989.
Send nominations or letters of application with a c.v. to:
Prof. George Wankfyn, Chair.
Dean Search Committee.
The American University of Paris,
31 , avenue Bosquet 75007 Paris - FF1ANCE.
Equal Opportunity Employer
JOB OPPORTUNITY I
A well established Agricultural business
group in the Kingdom of Saudi Arabia, offers
an exerting career opportunity for a
MARKETING MANAGER
The candidate must possess a degree in
Agricultural Pesticides. Comprehensive experi-
ence in the area of plant protection, market plan-
ning and projections is a must.
Those having minimum experience of 5 years
in a similar position, sound knowledge of Arabic
and English and transferable Iqama. may apply
with complete details, to:
The Personnel Manager
P.O. Box 8128 - Jeddah 21482
SAUDI ARABIA
Attractive remuneration package depending
on qualifications and work experience.
"INTERNATIONAL POSITIONS’
appears every Thursday
NITROGENOUS FERTILIZERS
INDUSTRY S.A.
(JLE.VJLL.)
is seeking a
CONSULTANT
For an Ammonia and Urea Project, using Natural Gas as
raw material.
The Consultant must be independent and not be tied to any
particular ammonia and urea technologies.
The Scope of Work, of the Consultant will be to assist AEVAL
to prepare the Invitations to Bid, as well as draft contracts,
for the selection of Contractor(s) lor Ammonia and Urea
Plants and evaluate the offers including the technologies.
Interested qualified companies should send prequalifica-
tion documents to:
NITROGENOUS FERTILIZERS INDUSTRY S A
15, Valaoriiou Str., Athens 10671, Greece
c/o Dept General Manager of Development
including:
1. Detailed references ol their general experience in the
chemical industry in connection with the Scope of Work
described above, as well as of their specific experience
on Ammonia and Urea Plants with natural gas as the
raw material.
2. Resumes of personnel anticipated to work in this
project.
The prequalification documents must be received by
AEVAL not later than October 26th, 1988, and will be used
to prepare a short list of -companies to which Invitation to
Bid wul be sent.
Our client, part of a major international organisation, is
expanding its futures and physical crude oil trading
operations in London and has vacancies for
EXPERIENCED CRUDE OIL TRADERS
Applicants will have at least 5 years experience of crude
oil trading in both futures and physical markets, and
must be capable of malting an immediate contribution to
our clients business.
vine and Dr. Jeremy Lloyd-Evans,
now ai the University of Sussex,
England.
What they recorded were parti-
cle showers like those initiated in
the upper atmosphere when parti-
cles or gamma rays hit an atom.
These collisions generate high-en-
ergy electrons and their positively
charged twins, positrons. As they
speed toward earth, these particles
hit other atoms, producing more
gamma rays that strike more at-
oms. generating yet more electrons
and positrons.
This cascading continues untfl,
by the time tbe shower reaches the
ground, there are thousands of
electrons and positrons. At Los
Alamos these were recorded by
more than 100 detectors.
Cosmic ravs are chiefly protons,
the nuclei of hydrogen atoms. Be-
cause they are electrically charged,
their paths are bent by magnetic
fields they encounter during the
milli ons of years that they travel in
space. They reach earth from all
directions and it is impossible to
teD where they came from and thus
how they were formed.
Gamma rays are thought to rep-
> resent far less than one percent of
all cosmic ra y s . Like waves of visi-
ble fight, they have no electric
charge and therefore travel through
space in a straight fine. The direc-
tions from which gamma rays ar-
rive are determined by comparing
the times when electrons and posi-
trons from a shower first reach
each detector in an array. Only if
tbe source is directly overhead are
tbe arrivals simultaneous. The rela-
tive times, which vary by fractions
of a second, can indicate direction
to within one degree.
Physicists believe that most, if
not all, high-energy cosmic rays are
produced by pairs of stars in which
one is a neutron star, one that has
collapsed to extreme density, spin-
ning at revolutions measured in
seconds or less. Its spinning mag-
netic field hurls protons and other
particles that it has sucked from the
companion star directly into space,
except for the few that hit sur-
rounding gas. This initiates a se-
quence generating gamma rays.
Among such two-star combina-
tions are those in tbe constellations
Cygnus and Hercules, known as
Cygnus X-3 and Hercules X-l. It is
chiefly from them that the p uzzling
radiation has been observed.
For 400 days, ending in July
1987, the Los Alamos group looked
at Hercules X-l. On July 24, 1986,
die scientists recorded what were
taken to be two 30-minule bursts of
gamma rays. In the next bnrst, 10
showers occurred when, statistical-
ly, only 2^ were expected.
It was assumed that the shower
resulted from gamma rays. But si-
multaneous observations at Los
Alamos showed the shower con-
tained an unexpected abundance of
short-lived particles called muons.
Tbe observations from Hercules
X-l were reported last year in Mu-
nich at a conference on cosmic rays
and will be published shortly trf
Physical Review Letters.
Tbe problem is being ap-
proached with caution because of
doubts about reports in 1985 that
highly penetrating muons from tbe
direction of Cygnus X-3 were being
observed. Because they were not
then observed by more sensitive
detectors the earlier observations
are now questioned. While they are
nnrdated to the new ones, the
physicists have sought to be as sure
as possible of their cotodosions be-
fore publishing them
Many Hritaa/n* N<" Yodc Taots
Dr. James D. Watson
Fertilization
That Avoids *
Surgery
By Gina Kolata
New York Times Service
D OCTORS in Australia have
developed a technique for
im planting fertilized eggs in wom-
en’s fallopian tubes. They hope the
technique will improve the success
rate of in vitro fertilization, without
surgery.
With in vitro fertilization, eggs
are removed from a woman's ova-
ries, fertilized in a laboratory di s h
and then inserted into the uterus in
the hope that pregnancy will result.
When fertilized e gg& are put in the
uterus, rather than in the fallopian
tubes where fertilization normally
occurs, success may be reduced.
Until now, efforts to implant fer-
tilized eggs in the tubes involved
abdominal surgery. In the new pro-
cedure, doctors use catheters. The
method is expected to help womeniK-
wfao ov ulate and whose fallopian '
tubes are healthy, but who nave
been unable to become pregnant.
Women with healthy fallopian
tubes constitute as many as one-
fifth of women at in vitro fertiliza-
tion dimes, said Dr. Joseph Schnl-
man director of the Genetics and
IVF Institute in Fairfax; Virginia.
For many of the women, the
problem is that their sexual part-
ner's semen contains low numbers
of sperm cells that make them
incapable trf fertflizmg an egg. By
mixing the semen and eggs in -a
laboratory dish, doctors improve,
the odds of fertilization. .
The new method of implantation -
was developed by Dr. Robert P.S.
Jansen, Dr. John G Anderson, and
Dr. Paul S. Sutherland trf the Royal
Prince Albert Hospital and Sydney
IVF in Sydney, Australia. The
catheter contains an extremely fine
inner catheter that the doctor can
manipulate to insert a developing
embryo into die fallopian tube
witlxmt surgery.
Reporting on the new device in a
recent issue of the New Englan d
Journal of Medicine, Dr. Jansen
and his colleagues said they have
transferred embryos into five wom-
en, and one became pregnant Dr.
Scbulman has tried tfu: method on
two women in the United States.
Both of them becamepregnant, but
one had a miscarriage.'
In Australia, a Bid to Save Giant dams
By Michael Richardson
International Herald Tribune
O RPHEUS ISLAND. Australia
— When seen beneath die wa-
try for island nations in tbe Asa- choral to the seabed, they are the
Pacific region. Some experts be- largest bivalve molhisks in tbe
lieye that sale of dam meal to world. The king of the clams, Tri-
Asia, where it is prized both as an dacna gigas, has a shell len gth of
anhrrtHicior a roilinuw *L
Please reply to:
Box 31088, 63 Long Acre,
London WC2E 9 JH, United Kingdom.
i mask, the giant clams bang grown
I on the reef in an experimental
I mariculture farm look luce rows of
technicolor cabbages. Some are
mottled brown; others peacock
blue, green and purple.
The juvenile clams are protected
from fish and other predators by
long mesh-wire boxes staked to the
; coral. At high tide they lie under a
meter (three feet) of seawater. But
when the tide recedes, scientists
can walk out to the nursery on the
reef.
The project is part of an interna-
tional effort to save some of tbe
seven species of giant clam from
extinction. John S. Lucas, leader erf
the breeding program at Orpheus
Island, said lhat clam farming is on
the verge of becoming a new indus-
cy, could earn up to S100 million a
year in export income.
If clam fa rming is developed,
said Mr. Lucas, h could bring
“substantial financial benefits to
countries of this region, many of
which suffer from depressed econo-
mies” And. he added, domestica-
tion of the giant dam “should also
reverse the current trend towards
extinction of this group, and enable
restocking of man; reefs which
have been over-exploited.”
Mr. Lucas is bead of the Zoolo-
gy Department at James Cook Uni-
versity in Townsville, a city on the
northeastern coast of Australia that
serves as one of the main entry
points to the Great Barrier Reef.
In their natural habitat, the giant
clams of the Tridacnidae f amil y are
a prime target for fishezmeo. An-
IN VESTMENT BANKER
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Or Telex: 427175. Or Fox: 212-755 8785.
readies 50 years of age and weighs
almost 500 kilograms (almost 1, 100
pounds).
Giant dams live an, or near, cor-
al reefs in shallow tropical waters
of the Pacific and In dian oceans
and the South Girina Sea. Once
common throughout the Indo-Pa-
dfic area, the two largest bivalves,
Tridocnu z faas and Tridacrui der-
osa . have Been listed as threatened
species by tbe International Union
for the Conservation of Nature.
Experts say that overfishing in the
last two decades by foreign trawl-
ers, particularly from Taiwan, and
to a lesser extent by Pacific island-
ers, has caused the drastic darimw
in numbers.
dam meat is part of the tradi-
tional diet of many islanders. It is
also relished by people in Japan,
Taiwan. Hong Kong, Singapore
and other countries of East Asia.
As much as 20 p¢ ol the total
weight of a dam is meat. The ad-
ductor muscles, which , open and
close the clam shells, are worth
about S2S a kilogram, while the
mantle muscles currently fetch up
to S10 a kOo.
An insatiable consumer appetite
for clam meat in Asia seat trawlers
to distant reefs and breeding
grounds in tbe 1970s and the 1980s.
Some 50 dam drips were sent south
from Taiwan each year. In 1986,
for example, a Taiwanese boat
seized in the Solomon Islands had
six tons of high protein dam mea t
an board, culled from about 10.000
rfllBW
Much of this fishing was illegal
and Mr. Lucas said it lad wiped
oat Tridaata grgas in most pans of
Micronesia, the Marianas, Guam,
Tuvalu,.. Vanuatu, New Caledonia
and Fiji. In the Philippines and
parts of Indonesia, the species is
dose to extinction, he added. Clam
shdk in tbe Philippines are sold to
tourists and exported. In Indone-
sia, they are used to make floor
tiles.
The Great Barrier Reef has be-
come a haven far giant dams be-
cause they are not widely sought
by Australians other for meator
for the shells. The moUusks haw
been declared protected
and intensified air and sea surveif
lance has halted fonagTpSf:
?mce 1985 T«i™
S^f iony ‘ im,on M
on Orpheus Island for f n F.J ,ro ^ ect
GtrineaandtimPhfcS^^
revolved yd the technolog^^
mg transferred to P ari^n r?.?.**-
Richard D.Bnil^^^
matme biologist woiking^TtiJ
prqect, said that JjSJ®***
and Tridaouz gems, L* 1 ?®
rial for commerddSv^-
<W he said, are ^S J B ° a ;
evolution ” Th«i a— v 1re aks of
dvi
ap^df-
ggf
1-1
sperm. ftSey said tiiai^J? duce
ant dams were induced 8*-
seawater tanks at
land research station. Urpbeu5 is "
k T-zPvt.-' j-
life-
ill#—
pti-v;
Si*-**
-
mm;-'.
b-
FROM medical systems
#S.d*Wj
Wr- i':"
MVV
ifcdfck.
^JRSPAY. OCTOBER 6. 1988
IWTERNATlOHAt M ANAGER
Join the Territorial Army,
Lcam Corporate Survival
Ihral&S^Sribimc.
BUSINESS / FINANCE
TO BUSINESS SYSTEMS
In T ouch with Tuniomw
TOSHIBA
**
Page 9
Pillsbury Moves to Fend Off £3.1 Billion Bid by Grand Met
Ne* York Tones Service response tO the bid bat did DOt
CHICAGO — Pillsbury Co„ exceed Grand Mot's offer price of
oving to thwart a hostile £3. 1 bil- 560 a share. Several analysis said
® (SSJfi bfflion) bid from Grand they believed die bid win be sue*
moving to thwart a hostile £3. 1 bfl-
bon (S5 .26 billion) lad from Grand
Ur
Fen I!
Tllal
Siirii;
By SHERRY BUCHANAN
I HMTVX Herald Tribune
cm P orale 111001(1 of seeking to tarn
? ,eadere °y «mding them to outward-
^ camps, where they take miBtary-
Britiah trauon S' “ being gone one better by some
real they ^ eocouragiag managers to pursue the
TenritoriaHJrSy and Volunteer
Forces, the British equivalent of the US. National
required to go through intensive, often eruel-
TAT^^&Er®-" 8314 Colond Tony Ward at
Colonel ward is the TA’s ~ _
audf admiaistrative officer. Ine TA Enhances
We can provide training at i* • ->>
no cost to the firm,” besaid, 7°™ seH-OlSCipline
“dyoor
better defense.” COUUmmication
. Unlike m a n a g e m ent train- ,
mg courses whan the compa- skills .'’
Metropolitan PLC, has sued the cessfuL but Pfllsbary asked its
British food and beverage con- stockholders to delay action while
glomerate in 13 states.
The suits charge that if the take-
over goes ahead, Grand Mel would
violate state laws that prohibit li-
quor manufacturers from owning
it studied the tad.
It represents the largest offer for
a U.S. company by a British one.
Pplsbory, a maker of cake mixes,
refrigerated dough, frozen vegeta-
a friendly suitor centered on a for- Roger Spencer, food analyst at
“gn buyer, not so much because of PaineWebber Inc, estimated that
the weak dollar but because of US. good wffl in the Grand Met offer
accounting rales that would make would amount to 53.68 billion, or
most American companies look 592 minion a year for 40 years,
less profitable if they bought Pills- Foreign companies are not affected
by the accounting rale, but it would
Same analysts said they fdtPQIs- mean that American companies
bury might eventually sol for S64 would have to deduct that much
or S65 a share, which would raise every year from their eamw) gt
bury might eventually sol for S64 would have to deduct that much
or S65 a share, which would raise every year from their earnings.
the overall price to 55.6 MKon. „ . n v . _ . _ _
Pan of the analysts’ reasoning , ““berg. Kravis. Roberts* Co.
was that Grand Met had told Pin* 9* foremost management buyout
Pfllsbuiy executives that “yooTJ
hear from us”
Traders said that Kohl berg. Kra-
vis might be too busy trying to buy
Kroger Co, the big grocery drain,
to enter the Pillsbuiy battle. The
Wall Street firm raised its bid for
Kroger to $64 a share Tuesday, or
more than 55 billion.
In a minor that traders found
deals come along — but were
quickly discounted.
The legal move by (be U.S. food
and retailing group, owner of the
Burger King fast-food chain, did
not stop Grand Met officials from
showing up in Pillsbuty’s home
town Tuesday to press their cause
for the bid.
In a news conference in Minne-
Katin
Woid
“We can provide traimne at • *•
no cost to the firm.” belaid, 7°™ SfcMKCipllIie
mg courses whan the compa- skills .'’
ny foots the Ml, TA recruits
?chially get paid according to rank while t raining a private; far
£14.62 ($24.80) a day; a
Ine 1 A IS conducting a £2 ntiHion-a-year adver tising MmpMgn
to change its image from that of a bunch of beer-drinkine
< us .‘ ma S e from that of a" bunch of be£r-drmk£g WJUrl f ncTct
— OCCU uosts
Up to $50 Button
the large computer company, and a captain intbe Honorable JJUUUn
Artulery Company. “Tt allows you to work together as a team, jtfflrv Ttd> ]VoP/ifo/l
enhances your self-disdplme and your communication skflls.” ™v 1
^ v tij ’ atioi,als > induding ICL, Imperial Cham- copied by our Dvpm*a
cal Industries, British Airways, British Petroleum and National
Westminster Bank, give an average of two weeks’ paid leave in WASHINGTON — The Fedoal
addition to vacation time to managers who are TA members. Home Loan Bank Board said
Each company has several hundred employees in the TA Wednesday that the cost of bafling
out insolvent U.S. savings and loan
O NE AIM of the TA’s ad campaign is to get British chief “Mxiatiras could be as high as $45
executives to do more, by personally endorsing the TA ^hoo, a large maease from
and by letting their employees know they support it *** previoos ^ bflKon es timat e.
, But even enthuaastic TA members say the training is rigorous. The chairman of the bank board, THa AA mb nf a«an.KwHii.. w
it takes tune away frorojob and family, and it requires a high level M. Danny Wall, said that the high- nffrrrm /m* mrti Tm-nc a • r
of co mm itment that some overworked executives may not be ^figure reflected new information wnn iexas Air ^
wflUng to give. Typically, it includes training in dose-order drill, 00 institutions’ losses in the
weapons and map reading, and 12-mile (20-lrilometer) cross- *a»d quarter as well as a more n i n t|l | •
country runs carrying 100-pound (45-JrikMxam) packs, often in accurate picture of the costs of re- ^ ^ lUShlTI
pouring rain. cent resolutions of thrift cases. l II
“It’s best to start in your early 20s," said Mr. Bailey of ICL, The revision by Mr. Wall of file
who joined the TA at 20. “Once you start going op the manage- estimated effect of the massive B- F fim'pr Ronnrfrwff
ment tree, it gets more difficult because the TA takes a lot of your nandai crisis brings it more into lU/jwinair
time. Some companies don’t favor it because erf that” Bnewith estimates % otto govern- compiled by Ov Staff From Dismcba
One personnel director with an investment bank in London ment agencies. The General Ac- ctyvvwh \m c
said, “Employers should not go out of their way to push execu- countmgOffice also projects a $45
urn U Butrtissgfarshortofprivatc Cc^fitiswe^is reportedly pust
A major question is whether leadership skills acquired m the estimates, winch range from 575 m* ahead in its ones? for expansion
army are transferable and suitable to corporate life. bifiion to $100 Kffion. AroughtalksallntpotentiSroop-
Most corporate organizations are not democratic institutions. tv hunt ivarri wHrh mmiar« pratirm tinth Alirolia rh* TlaKn
liquor, although Grand Met has
said it would sell those units. FfHs-
bory said Tuesday that courts in
five stales had already issued re-
straining orders blocking Grand
Met from buying its stock.
PiDsbnry stock rose 51 to 558 a
share at the dose Wednesday on
the New York Slock Exchange. On
Tuesday, its price jumped 51 8 JO in
U.S. Body
Revises
S&L Costs
Up to $50 Billion
choice but to accept Grand Met’s
offer if it cannot Cud a friendly
suitor.
The offer would not only give
FQlsbury shareholders a 53 percent
premium over the price their shares
were trading at last week, it is also
well above what most analysts
think Pfilsbtny is worth.
Most Wall Street speculation of
was that Grand Met bad told Pills- Iona
bory it was prepared to negotiate ^ DU ^ m
all aspects of its offer, mrforiing the v offff s
house in the United States, regular- ^ a _P°®
k. .. rw... »» _ but I uesd:
difficult to accept, Volvo AB, the apolis, the officials sought to fore-
Swedish car maker, was thought to stall a backlash by saying that they
to serve as a friendly buy-
be a possible bidder for Pillsbury
but Tuesday denied any interest. '
had no plans for a wholesale break-
up of Pills bury. They also said they
price. **■
Traders said (hat Tuesday’s mar- But Kohlber
ket price did not reflect such send- stood to have aj
mem became of the extremely last summer, wl
heavy institutional selling. began car colati :
But Kohlberg, Kravis is under-
stood to have approached Pillsbury
last summer, when takeover rumors
began circulating. Kohlberg, Kra-
Tbe accounting concept known vis is understood to have suggested
as good wiD seemed to ctimimue that Pillsbury might think about
most American corporations as po-
teatial buyers.
“doing ii now rather than later”
and is said to have been told by
.. *#v : "
ht l c* *
.. ->
• . .v>. jA.X-'WW. M»t"
Ji
W-fM‘ ■ -
\h.y.
il.-i
\%
•
r
• { 1 Jr -
-i,
,c V-. i- -n ; -V-
Is*-* 4*.
v- >’ e • - _ • .
d i.l. * 2i - • •.
t-Cr 1 •
■1^ i * ' y^r •
: •* I 1 ',-.- -
Compiled by Ow Su^ Prom Dirpouha
WASHINGTON— The Federal
Home Loan Bank Board said
Wednesday that the cost of bailing
out insolvent U.S. savings and loan
associations could be as nigh as $45
to $50 InOioit, a large increase from
its previous $31 hiffinn estimate
The chairman of the famv board,
M. Danny Wall, said ihat the htgh-
cr figure refected dcw information
on thrift institutions’ losses in the
second quarter as well as a more
accurate picture of the costs of re-
cent resolutions of thrift cases.
The revision by Mr. Wall of file
estimated effect of the massive fi-
nancial crisis brings it more into
line with estimates by other govern-
ment agencies. The General Ac-
Tbe name of Kraft lbc. emerged were eager to meet Pillsbury execu-
as a potential suitor but appeared lives to discuss a friendly combina-
to be discounted because of (be lion.
good will problem. U emerged after There was much speculation on
Shearson l-ehman Hutton Inc., one Wall Street that Pillsbuiy would
of four advisers to Pillsbury. put not have urged stockholders to wait
Pillsbury on its restricted list. for the Grand Met offer unless it
The names of Nestii SA and Un- felt comfortable that it would be
ilever also were suggested — as able to offer them something better
they always are whenever food than $60 a share.
Irving Managers
End Resistance
To BONY Offer
C ZS^t^5 ,afJFr T Dupa,Aa **• P** 1 ? 5 sajd t* could not
NEW YORK — Irvine, Bank comment immediately on the chain
Corp.. in a surprise move, said of events that led to Irv ing ’s un ex-
Wednesday its management has peered reversal, except to remark,
recommended that the Irving it looks like it’s over now."
board accept a revised, $1.48 bil- v . .
Iran aW.a offer from Bank o[ Th* Brulk of N „- Wkykes-
New Yori Co., its long-lime suitor. was mt ™2 riu J ds
Tic agreement am«rs to draw jwaitablt fo: common WEdm»<Uy.
to.dSTte^Sr^«; In* "cram sud.
if. battle between major Ui!. corpora- The surprise announcement
_ . . _ " ' tions and ihe first such hostile fight canae one day after Bank of New*
Toe c hairm a n of Sca nd inavian Airfoes System, Jm Carizoo, right, «jp n i ng a major joint venture between two big American banks. ' or ^ won another legal battle in its
igreeoieiit with TeiK Air Coip. The daimM of Tex* Air, Frank Loreozo, is petnred at left GSj“55TS£lttft
Mr. Phelps said he could not
comment immediately on the chain
of events that led to Irving’s unex-
pected reversal, except to remark.
“It looks like it’s over now.”
The Bank of New York spokes-
man also was not immediately
available for comment Wednesday,
his secretary said.
The surprise announcement
came me day after Bank of New
York won another legal battle in its
SAS Pushing Ahead With Growth
Carrier Reportedly Sets Meeting With Head of Alitalia
Compiled by Ov Staff From Dtyadia tempts to hook up with other major Kkinwort Grieveson. “But Texas
STOCKHOLM — Scandinavian
Most corporate organizations are not democratic institutions,
and, depending on the industry, there are similarities between the
army and corporations,” said Manfred Kets de Vries, professor
of oiganizationa] behavior at INSEAD, the business school in
Fontainebleau, France.
Mr. Kets de Vries pointed out that the smhtaiy is one of ihe
oldest leadership training models, favored, among others, by
Plato.
(iirrency Rates
Z~r .. L , . . . a major link-up with Texas Air
Bui !t is still far short of private Corp. this week, is reportedly push-
“°8« “o® 575 ing ahead in its quest for expansion
rnon to 51U0 talnoo. through faltr< about potential coop-
The bank board, which regulates eration with Alitalia, the I talian
the 3,000 UB. thrifts, also said it airline,
would need to extend the special a Swedish business ma gayinff
earners. has wna£
“I have seen, what Jan Cadzon a
has done with SAS, and without „
has image problems.”
“It’s a high-risk deal for SAS,”
said Ian Wud, an airlines analyst
doubt we have a tot to learn from with Barclays de Zoete Wedd.
him,” Mr. Verri said. “Texas has severe problems on the
.... ,, ,, Labor-relations front”
But. he added, “1 prefer SAS
gnmmtsofSweden.ItennaAand ^ ^ de ^ an P ithoBl ^
assessmmt that thrifts pay for fed- The Vetians Affa«, has reported UK * >CI ** U,U10 -
eral insurance to 30 years from the that the head of AHtaHa/Caxio , ^ the past t wo yean, SAS has
ament 10 years, unless Congress Verri, w21 hold talks with SAS in “f ***
comes up with another solution. Stockholm later this month. p; cam ?' Sabena and
The assessment, on healthy Mr. Verri was quoted as saying b
drifts, is to meet the cost «tmmle be wauls “to exchange views on Stoter STShJ k SiLh A “
<rf merging, rfing or dosmg ap- what ways may beopro for possi- wavs PLC to* over Catedmri™
proposal. cnisnmg wow i
A merger would nearly double (fop ffiVT
the size t^ Bank of New Yoii,
vaulting it dose to the 10 largest
UK banking companies. The two ll/Tra avm
had $47.8 bulion m combined as- iTiilLOl
sets as of June 30.
Irving had vehemently opposed T> _ * _
any mags with the Bank of New BCICCl
Yak since its takeover bid first J
surfaced in September 1987. T> ~\M
If firings board accepts the rec- Jj V Iflfl
ommendation of the chaznnan, Jo- J
“P h ^ «he bank wfll waive a c <mrMin Ouri
New Yak State anti-takeover law,
strike down its anti-takeover de- NEW YORK
f eases and end lawsuits it had w hich already hi
h mngh t billion buy-out
Mr. Rice said he would retire 111001 B*™ K°hl
pronrimatdy 500 insdvmt ones. We future cooperation,” the maga-
Savings and loan associations
‘Bie/reinowd a^od way dosa lawroits it had
to their goal of becoming <mc of ... . .
In the past two yean. SAS has Europe’s top five airlines.” Mr. Rice said he would retire
had unsuccessful nwgcr talks with The agreement calls for SAS to merger was completed. He
the Belgian carrier Sabena and pay Texas Air a total of $50 miffion ^ been planning to retire anyway
failed to buy a minority stake in £ ins tallments for the right to by November 1989, an Irving
^osh Caledonim, losing out in share terminal fatalities in Newaik, s ^ e ? nan , sai l-. _ . , v ,
the lima deal when tensh Air- New Jersey, and New Yak’s John *i nder ^ t f«k oljlcw
ways PLC tot* over Caledonian. F. Kenney International Airport. wold pay $15 m cash and
crashing blow to Irving when it
See IRVING, Page 13
Macmillan
Rejects Bid
By Maxwell
Ctmpded by Our Staff From Dispatches
NEW YORK — Macmillan Inc,
which already has agreed to a SL5
billion buy-out from the invest-
ment firm Kohlberg, Kravis, Rob-
erts & Co., said Wednesday that its
board had rg'ected a more recent,
slightly higher offer from the Brit-
ish publisher Robert Maxwell
The publishing giant said its
Ctws Rates
Amsterdam
BrassetsCaJ
Frankfort
LHiM lb)
S I
2.104 15*15
V.10S MSB
15653 1159
UN
UML» 2JMJ0
* ,V-V
U- 14 :•••«. *
{ c.
litSb UM5
AIS9 JMSS
QJ TtS7
U82* 02*9?
02565 2JS742
07655 Ml 71
1BJ57 US4J0
3I0J0
630 MtUO
1B7"
7m MU
IMM iru*
IMS L54SJB
12226 WIM7
Oidr. IF.
S »•
I&5M5 —
UU» 4771 •
15485 44.10
<6TS9 355(5
HD 3925
10205 auis
ast xoc6
0JS37 41531*
U» 4U71
172*4 504777
Oct 5
SJ. Yen
U2» L5732 •
H2U 02925
1.T774 U9B*
UM 234415
okas wan
UD5 13225
400*9 42528-
8436
1.189"
usn met
3JB4S 17290
currently pay 21 cents a year is
regular and special assessments to
The cooperation agreement with
Texas Air — the owner of Eastern
Air Lines and Continental Airiines HneasArgentinas. But that deal has The accord,
111 States — drew a "inmto trouble in the Argentinian includes provi
ways PLC todc over Caledonian. F. Kmnedy International Airport. Yak would pay $15 in cash and board would recommend that
In August, SAS announced a SAS was also offered (he right to ^ f 1 ?™ 5 **5 ° WI1 ? loc i : for shareholders reject Mr. Maxwell’s
$204 million deal to boy 40 percent buy up to 10 percent of Texas Air’s cac h of Irvmgs Io.9 million com- $2.51 billion offer because it con-
of the Argentine state airtme Aero- canmon stodr on the open rooa. shares outstanding, plus a mined several conditions, including
Ctoslnos In London. Tokyo and Zurich, fhclnos tn ottter canters. Nw* York dtsitno rotes,
a: ConunareM franc; b: To buy ono Bound; c: To buy one dollar; *: units of TP0; N. Ol* not
MU' AM..- natavaUobto.
MwrMDarVabHi
Otrraacy P*rl ■ wraper P*r* Commcr Per* Cwtmkv P«r*
Araea. austral T200 Ftn-marKka 4392 Max- pas# 739*00 S-Afr.nmd 2493
Aastml.1 IJW Creak drac. 15075 NZcutarfS U35 savMrakla- 04282
Aostr.iCha. -an NmXMt 73r»35 thnw 4USS Wa-twao mas
BalB.flfl.rr. 3938 IncBannwaa 1435 Non*. krona 48M Swatkiww 43845
Tataraat 2853
TfKdbaflr 25^95
Tarttlafl Bra M4&77
IMS dirim* 34731
vane*. boUv. 3475
cents per $100 r^ular assessment
paid l^r commercial banks.
Mr. Wall said that Congress
should consider a number of op-
tions before asking American tax-
payers to pay for a thrift bailout
The bank board’s new estimate
was contained in testimony pre-
See THRIFTS, Page IS
analysts and a hostile reaction from
some SAS employees.
But the link-up is believed to
have made the Scandinavian carri-
er a mare attractive partner. The
president of SAS, Jan Carizon, has
said be aims to make SAS one of
Europe's five top airitnes, but until
this week SAS has failed in ai-
tion has anerged.
xk on the open market. raosi sharc ? emtstanding. plus a mined several conditions, including
rd, signed Tuesday, also wan ? nt $5 toward the invalidation of a “legal and tending
ovirions fa cooidinat- P™ 1 * ,°L®? nk ^ New York contractual obligation” with Kohl-
ting, reservations and taserson Phelps, an berg, Kravis,
systems, and the com-
Irving spokesman.
A spokesman for Maxwell Com-
B — O . . ]> v. . jyw Miin i ii IUI nuAHUI VA1UT
Many analysts said SAS made an pantes will es t ablish a joint training *r e s ~r en ~ e aeaJ was va % muni cation Corp. said he was sur-
(TVtrranf IimVlWnsh tti wm- TJTORram fOT airfinc WOtkcrS. “ Y«8.42 X Share, OT arOUnd nriseri hv tlip mn^tinn Thmv him
important
ing as poi
“It’s a very good arrangement
from a geographical and strategic
viewpoint,” said Brian Knox, an
analyst with the London brokerage
gb in secnr- program fa ai ri i n c workers.
5y as Texas Texas Air. in turn, said it might
buy a stake in one or more of the
o rrnn jLr niin i companies that has hdds pari cf
the private half of SAS.
SrSTJ Tt* of a finanriall y
Sec SAS, Page 13
tTAv Jv ZT prised by the rgection. There was
than 5200 mil- n0 immediate comment from Mr.
^ P/^ I0 “ ^ Maxwell, who was attending a po-
Yoft Jirical party conference in Black-
That offer included the same p^i Engliid.
amoont of cash, but contained ..
slightly less stock and did not in- Macmillan stock rose 25 cents a
dude the warrants. See MACMILLAN, Page 13
Corraacy Pori
AreoB.outfral 1280
AastmJ.1 7.264
AostT. iChfl. -OJ06
BolB.flfl.rr. 3938
ImDcra. W4*
CoflOAOBf UD9B
atamW 3J22I
Daaicti cnene 7.143
ErnM.aawKS Z3T29
InK-rwUl 175XLBO
Iridic 06949
ImtHdHk. 14375
Kmratfl dinar- 02891
Motor, rtao-* 2484
Camocv Pare
Max. Paso 2290X10
N. Zeoksnd 5 1235
Nta. naira* 43333
Norw. krona 4894
PMLBesa 21.10
Partasada 15175
Saudi rhrai* 17512
SIob. 8 20383
s Kar. won 7T4J0
Fears Of a Worsening Glut
Send Oil Prices Tumbling
America
Weekly net asset
value on
it a
A Kw York rotas unfvi marksKl * (local rxstcj
' fa f wrf Bates
Pawnd siortktt 3 lwm 14841 14819 QooqdKxi flatter Una urr3« urn Wednesday on fears thax ihe gin! m
Japanocaran 13292 0257 13206 Swtolraac IS763 1-54W 1-5637 markels could worsen, with No-
DootsdM morn iasB us* 1.B4M vember futures losing almost 50
Sauron: Indosucr Bank (Bnasotsl: Banco Cbm am mab Uottana (Mlfan); Benue Hotfoots* <c on *he Mfxamnle
(ParHJ; Bank Of Tokyo (Tokyo/.- IMF CSOR); BAH (dkiar. rfyot dimorol; Gas*** » Oarm OH toe MercanUte
(ruble/. Other data from Reuters and AP. CXCMngC. .
Compiled fy Our Stiff Front Dispatches
NEW YORK. — Oil prices ex-
9auil „ ^ tended their recent sharp dedme
13736 ui5i Wednesday on fears that the ghztm
1^699 1-5637 markets could worsen, with No-
vember futures losng almost 50
Exchange.
At die dose of trading in New
pflote la a market seemingly besieged
ices ex- by bearish news, prices were affect-
dedine ed by several factors. Among them
jghttin was a rumor that Snbroto cf In do-
th No- nesia, the Secretary-Goiera] of
tost 50 OPEC since July 1, had resigned.
Ecantile This was denied by KemalSaiki.
spokesaaa for OPEC, in Vienna,
in New Anotho- rumor, that Nigeria had
urowtn n* 1 **
Rmd ““
Listed on the
VpHwi Amsterdam
TJ b rf iiii V i . Stock Exchange
informaricn;
Pierson, Hddring iSt Herron N.V
Hwengracht ZM. 1016 BS Amsterdam.
Td.+ 31 -20-211188.
biten'st Rates
York, West Texas frtlennediate, deeded to leave the 13-nation car-
the benchmark U^. erode oil, had td, was also (rffidafly denied,
slumped 47 cents to $12.60 per bar- Meanwhile, Norway threatened
rd for November delivery, a new Wednesday to drop production
r i
low since Angnst 1986.
curbs it had put in place to support
Donor
Imam 8*4*
2 months SW4W
Sinuntti BDaStb
ainuqWn BHrSih
Inar WcW
swm Franco
D ttirt Fnsc SWUM Franc
4htr4«i 3flr3 9W 11 9W-12 »W IW«
4*r4hV 3W-344 U4W12IW 7*-?*
Sh4«k nsa-aik
SVh-SV. Vi*&k llkrOk
39h39h HWll* 8 WrBhi
ECU SDR
7W-nk M
7Hr7* 7
TMV> 7M
7hr7V4 714
7fr»
Sturm, fltowr Guaranty tOOHar. 044 Sft ftnwt tm>; Uont Bm* (ECU!: fttuta* ?1 l fi0 Tnesday.
Ol kamrtxnktttfXBtuaf St mBUonaOntPum ftriwXkfll.
In London earfier, spot crude oil OPEC, if the cartd failed to stop its
prices tumbled by 40 to 70 cents a members exceeding output quotas.
band. The cal and energy minister,
Noth Sea Brent Blend, the most Arne Oden, said that OPEC most
widely traded erode, fdl to $1120 restore disdplme after a foD meet-
per band for prompt delivery at ingofitsl3almmisteis,sdiednled
the dose of European trading: from to start on Nov. 21.
$11.60 oi Tuesday. Also contributing to the weak-
■ *r- s -
KeyM^fUM Oa.s
aagaB awm pnr ‘
Olunos* ns* ‘ft *2
PrlmraM »» “
fowf to** Fb ^
Com manor ft-UV flora 730 770
>mtlk TiaanrrMfli ^ VF.
6«wttTna*rr MU W l*
340004* CD 1 * ^ **
kanen M
i5n6 45714
45716 <5716
M k * r "' r
P to —l ra N
tdamr
Xraota Wortaak
locoltl tO Mltmt*
UMOrnttw
UKNflnta
LamOcaflRrfC
OankHnli
n^floMitatanw*
IwwklriifWn*
4aMflk) hrfWMflk
BatfCboiaraik
OdMMi
. 3mMbMaHM8i
’ Womtian*
‘ Cafl manor
iHoaonMomBk
law nm iimkw*
' i aia wi i l a la rW*
Ari— B a Bw Btfwta
OctS
I moot* 8H>-8K>
lowdta 8I4-894
Imofdfas M'S*
(Rwnltu an.-8<n>
1 roar 644-896
Socroa: neuter s.
PA Mwy Htftetlhdb
OclS
Merrill Lran RomIV Anch
3Msr avaraaa now: 771
ratwtfowionW Row index: WHO
Source: Mtrrttt Lmdh Tolerate.
Gold
HoomlCm
Ln j waV>°« n V .
parts 025 KRa) 7S9JB
z rt*
§ en dml Sf7uS
new torn —
OclS
arte
— 050
+015
-IJ08
— L®
— 3S5
+186
mxmmooure. Parts ontf _Lontte n««g^ n*
mt 'mm
Analysts in New Yak raised the ness in prices was a report issued
possQrinty of a price crash match- late Towday by the American Pe-
mg the one in 1986 as futures prices troknm Institute, which showed a
glissaded through $13 per barrel. S3 nriUkm barrri increase in U.S.
The sharp falls were prompted erode cil stocks,
by reports of heavy ou tanker And in Paris, the In ternational
bookings out of file Gulf, which Energy Agency said Wednesday
fueled fears that Golf menbers of that world crude oil supplies
OPEC, notably Saudi Arabia, had reached 50.8 millio n bands per
no intention of reining in produc- day in Angnst and Srotember, the
tion in the short term. highest level since easy 1980.
Saudi Arabia, the biggest ofl ex- The 21 - natio n agency set total
porter, said Monday that it would output by OPEC at 19.S mQEou
not freeze hs output whSe other bands per day in Angnst and 20
members of the Organization of million in September; the tinrri-
Petrolenm Exporting Countries quarter average of 19.6 million bar*
were violating output quotas man- rds was up 1 million barrels from
dated by the cartd. Apriklune. (Jkursrs; AFP . AP)
WE DO NOT SOLICIT YOUR BUSINESS, BUT...
Are you a BUSINESS TRAVELLER or in change of the BUSINESS
TRAVEL of pur corporation?
Do you know that you can SAVE AT LEAST 10% pj. on your travel
budget without changing any of your habits at all/
We are not a travel agency mid we do not solkat your travel business.
We can however show you how to make these savings.
If interested, pieax ante ot phone;
TAMAR CONSULTANTS, 43 Bid- Gta rgoP yroa,
1204 Genera (Sw&aEhnd).
Phone 41£&2D 30 22 - Fee 41.2L20 71 46
'Weekly net asset
value
Tokyo Pacific Holdings N.V. (
3-IO-1 918 US. $215.63
Listed on rhe Amsterdam
Stock Exchange
IrrformaDL<n:
Pknon, Hcldraia & Piersixi N.V.
HervnRrathj 214, 1016 BS Armenian.
Tcl. + 31 -20-211188.
DP
EneiKV’
Resources
Growth
Furki
Ufeekly net asset
value on
309-19B8&& faiso
Listed on the
Amsterdam
Stock Exchange
Inlomunun:
Rcf^tn. Hel jring &. Pierson N.V
Hercncrrn:hc 214.
1016 BS Aniswrdam.
Ty.+ 31-20-21H88.
WOULD 5TOae5MREVSW
Designs on time
Individually made with a degree of skill and care that belongs
to a former time. Corum Watches cany design into the
future.
The Admirals Cup epitomises this with unusual twelve-
sided case and the original decoration of enamelled
nautical pennants denoting the hours on the watch face.
CORUM
For a brochure write io Comm. 2301 La Chau»-dc Fond^ Swuerland.
Page 10
INTERNATIONAL HERALD TRIBUNE, THURSDAY, OCTOBER 6,1988
NYSE Most Actives
Hfefl LOW Lost CUV.
58b S7V.
a% 2S
59 58b
3 4% 33
40Vk J7%
3 2%
90VB SB
701* 491*
im 18%
30b 29%
m* ims
a) am
53b H
27b 37 W
am 35b
58% +1%
34% +1%
554 4-3%
34V* — %
40V* +3%
3%
88b -4
70
19 — ta
30% + %
I9ta + %
30% — ta
53% -3%
27% + ta
35b
I Dow Jones Bond Averages]
BOMB
Utilities
industrials
Market Sales
NYSE 4 sun. volume
nyse prev.eam.aose
Amex 4 cjn. volitrw
Aimi prev. cons, dose
OTC 4 ojn. volume
OTC orev. 4 pjn. volume
NYSE volume up
NYSE volume dawn
Amen volume up
AfiKx volume down
OTC votume up
OTC volume dawn
NYSE Diary
Advanced
Declined
Unchanged
Total Issues
New Highs
New tow*
dose Pm.
864 638
574 778
506 524
1944 I960
38 29
94 17
NYSE index
Hieti urn dose am
COmooslte 15384 1*7X5 15343 +049
Industrials 1BSXJ in» 18432 +0M
Tranw. 14187 1*77 14180 + 053
Utlllrtes 73.14 ,7172 73.14 +045
Finonee 134.18 13348 133JV +032
Odd-Lot Trading in N.
Bov Sato
OcL4 191*7 SI'S
Oct. 3 170818 4J3442
Sept. 30 348839 525JU
Sapt.29 350482 4B478
Sent. 28 181.984 409469
tot IS 20M99 404.159
'Included In ttie sales figures
Wednesd ays
Closing
I'ia The Associated Press
! Dow Jones Averages
Indus 309482 211984 308283 21C6J1 + AfS
Trans 9I3JB 92139 90771 91881 1- 547
Util 181.90 1BW8 181.13 1*20 + 184
Como 70371 S02J24 78887 797.95 + U6
AMEX Diary
NASDAQ Index
Advanced
DKEaM
Unchanged
Total issues
Hew Mans
New Lows
Composite
industrials
Finance
Banks
insurance
Utilities
Tramp.
Close art* AM
38482 +081 38388
335-031 38149
474JM + 1 45 44943
45384 —085 45*26
43283 + 189 CW3
47181 +JM 465^
39048 +221 »MS
Standard & Poor's Index
MM Law dose CM
industrials 31288 30987 311.90 +1*
Tramp 71133 21888 21884 +183
Utilities 11184 11084 111J2 +084
Finance 2584 2577 2588 +002
SP5W 27285 270X8 27184 +12*
SP10C 254.59 35487 25880 + 071
NASDAQ Diary
TasAIr
ICM
Amdhls
BAT
wansB
Lkmei
TIE
MSI D7S
TlmCCO
DWG
CarnCr
ecpoSy
Etsmar
McCtan
GAL at
, IIW LOSS CM,
14V, 14% + %
sn *ta +1
av* 18% -ta
m 71 * * %
•le 9% + to
SU IX + %
11* 1% — %
22% 33
|» 13% W **
•% 4% + Ik
in -*
14% H — W
"ft I - ta.
14% W',
14 MW + %
Advanced
Declined
unchanged
Total Issues
~aa A gx Stock index J
HM LOW CM* CM";
299.97 2*8.64 MM7 +*»
Tables Include the nationwide prices up to the closing on Wall Street and do not reflect Kite Trades ettewber*.
12 Month
Utah Low Slodt
mu.YM.PE MKHtfiUm Quot.Ortie
NYSE Posts Moderate Advance
RMOdtl
Han Law Slack
Ste. □«*
DW. YIA PE BBiHMtlJW Peat-OToe
II Month
MW Low Siadi
Sis. Cta*
Hu. YM. PE Jfffii IMLW
27% 1* AARS 84 18
1011 9% ACM n
12% 8% ACMin 184oll J
12% 10% ACMScnlJ6 II 7
10% 8% ACMSPP181 U.l
28% 10% AGS
7b 2% AMCA
7% 3b AM MH
17 AM int P)2J00 98
57% 24% AMR
27 25 ANRpf 167 113
34% 19 ANRpi 212 88
10 5b ASX
70% 35b ASA 380 7.9
M 18 19 349 26% 25% 36
4t 9% 9% 9%
.26011.3 579 11% 10% 11% + b
46 IIJ 425 11 10% 10% - ta
01 11.1 271 9% 9% 9%
21 127 2SH 28% 28% — %
2 3% 3% 3% — %
1776 SX 5% 5% + b
iflO 98 14 22b 21% 22b + %
10 4531 49 4 4% + %
L67 1U 4 24 26 24 — %
Lia 88 1 » 24 24
IT 71 7% 7 7 — %
180 7.9 387 38% 37% 38 — %
United Press InlemaMnaJ
Joseph Barth el, director of technical strategy
17b 16% FA1 Iran
22% 11 FGIC 84
59 34% FMC
40 14% MH TAX — X 8% 4% HmFB
4 8 154 19% 19b 19b— b 187% 78 Honda
12 452 34b 13% 34% + % 83 49 Hanwtf
gains Wean
York Stock
movements
overs domii
87% 78^ ISS &H *
83 49 Honwdl 2.10 U 17 754 4« i!^ 43%- %
%»’ ^.800 13 13 at 4s IS 43
is \ assr * J i? P t
B4 44 4P; *3%
4 7% 7% 7%
11 » » ft
H B j 2
79% lib HOUlnv 280 1BX ” 13 fj| IT* US jg** + %
3 - X
42*1—1
22% tVi AVX -12* 8 12 244 1>X 18% 18%
&T% m AMLOb 180 28 15 5834 47b 44% 44% — %
i6% *8% aStJSc° ’38 48 iu t" 8% a% — % Advances led declines by an 8-5 margin rammg. „ i so% 2 »w SJifS. ,- 2 H IJJ t 5
3* A S£S* E " SS dx i3* .5% + * Volume on ihe ] Big Board Staled abomX ^ the early m SSSSSi^SS ' K 3 ggr 2 « 1 K S £ l «
24 % 7 % amd 4084 9 8% 8% — b w _u_—_ ' .i. .no _ni;™, than 4 Doinis and Digital Equipment tumbled . 24 S 11 f»jpb * 84 13 7 2324 m, raw tp% + %
“° “ + Sri more tim2 points. The stocksremained under ^ ^ g 44 « £
ir^ajSS? 'S'S,, d 'K '13 'K!=8 1 ^ p hA h... preKure at mjdriten.ooa. . . 52 BS SS“ 2 M S ,2 §2 |* * “
ta S3 sas. *s h ■ ^ sa ss §a + * ^ S^STuarc^gwi^Dow "ne ^ i p-sss ss -’girt-#
S S*SSS* ” “ " H S 'JS ?* 'J5 had reversed itself and tumUedaLout 13 points spe^auahms TtoswherelhehotmoMyB =_ 'Jg ESS , |'g jS ™ j.1 j3=S
t SEki ;• 1 C % i:: 2 SS 5 i.-jTrs-.ry: S 1 IB 1 1 5 4 1 S
ww 76 W aiopS b .%108 «£ V& K2 S%-i% aftemocHi tradin&The modest gain came in the rc ?^ f ? ri ^ t ^^ufairivimDortanL"Mr ' ^ 'SS s ™ ’JS s*
87 77 AiaPot 828 10.1 iooiB 2 k k +* final half hrsir “The Fnday number is rainy impotuni, mr. , m. ju fc«w s g » s%
SdSBSS?SSxt; an over the map tat in a Barthel said “It wffl either con&m the Aug^ | g* JL gHg » » • sl£l^ + S
«xa»g& i iSB aSxSSS narrow range,” said Trade LatimS. a market number, which sighted a modmoonra Ae | p « ■ « gx 55 gg + -
R Rl BS SKS2 ff*ia analyst withJosephthal&Co.'This is a wildly wo™* « shew the economy to be still ro- ( g*. a ffbpjbiS g “ S f5 |- P + »
SS l’lb wS5S 180 X 7 19 22 % vt IT* + 1 % speculative market, dominated by ramor stocks, i 1% ff5f? ^8 “ + 2
S 34% Ail^r ^ Sb 61 % 42b + % But undemealh all the wild action in the rumor The market fears that if the September data j ss% os Fimj% xn u tvi sox *9% »u + %
ls% 4 “ * H s +g stocks, we did see some real buying going on.” — recently the most influential report in the ■ ^ a* ’ ngy mb .. . Bip-ifta*.,
Sb 15 % Aiauld prC ^a U 10 IV 28 % 2 >b a% + % Despite the concern over the next report on setting of Federal Reserve policy — does not j «£ ES8S
^ "J^g *" 7J, ° wi»?5bii%t% unemployment, Ms. Laumer said “traders in confirm a moderation m the economy, upward j ijb fsjuc l3 e ^ imu it% + %
dming,”
10b 4% FovOro 200 2.1 18 U1 9% 0% 9%— %
10% 4Vs Fodare 32 11 IS 492 10b 10% 10b
29% 17% Ffldor Of 1 Jt 43 B a 28 a + b
?s£ 35b Fed Exp 13 1143 48% 47% 48% +1
173% 42 FdHm Pl 5.15* 38 1173 173% 170 171W— 1
50% 29% FUMOO 1 J2 34 U 327 491i 47% 4TV — %
50% 25 FedNM 8 1i I 1834 Jab 47% 47% + %
17% 5 FdNMwT 423 13% 12% 13
24'* II FadPB s 84 18 7 2324 W% 18W 19% + X
£% SIX FPaprt 287 78 An 40% « W + b
22% irj> FcdRltv 1^2 48 44 45 3% 20% 20%
23% 14b FdSort 80 35 13 M
40% 17% Ferro J2 2.1 12 144 S “
~ 88 38 789 72 22% 22%
19% 10% HuHyT JS 1.9 15 4lg 17j; 1^ 14£ +1X
19% 13% Huanss 82 18 « . » 12J IS?
0% 13 Ahmara 88 S.1 11 2150 17% 17% 17b
4% 1% Allewi 34 4% 4 4 Vi
53% 29 AlrPrd 180 2.9 11 1348 41% 41b 41%
27% 11% AlrbFrt 80 38 25 280 19b 19 19
14% 6% Alrosa 17 11 14% 14% 14% + %
a 13% AJrlease 280 128 10 26 19 18% 18% u
9% 7% AloP dpt M 7 98 S 9b 9% 9%— %
97 81% AlaP pf 980 98 450 i93%93%93% + %
89% 76 AlaP of 6.14 100 90i 81% 81% 8I%— lb
87 77 AlaP of 828 10.1 1001 02 82 Kt +1
21% 12b AlskAlr .16 J 17 528 21b 20% 71 + b
9% Albnvln JS 18 13 273 17% 17% 17%
14% Alberta JO 8 21 88 37 34% 37 + b
3% 17b FedRItV 1J2 48 44 45 20% 20% 20% 10% J?Pn
803513 36 20% 20b 20% + % +5*®* ^ Ind
J2 2.1 12 144 35 34% E * 9*,^
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Industrial furnaces...
uso less fuel with AmeleVs
electronic system that pre-
cisely controls fue' 3«r mix
and usually pays tor itself -
within lour monlhs
For current reports, write
AMETEK
Pad', Pennsylvania 19301
tiiv
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They don't need a reason."
PiUsbury was the most active issue on the
Broad-market indexes also advanced. The NYSE up 1^4 to 58V6. The stock jumped 18
New York Stock Exchange index rose 0.69 to points Tuesday after a surprise S60-a-share
153.61 Standard & Poor’s 500-stock index rose takeover bid made by Grand Metropolitan.
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1.24 to 271.86. The price of an average share
added 15 cents.
Union Carbide followed, gaining ] to 26ft.
Kroger was third, up 3ft to 58ft.
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111 M 13* 14
w T«ESS + *
^
160 19 16 868 25V 25W 25V 4 ft
60b X3 41 35H 34% 34V 34V
33 16 13 5909 39* 38V 39W— V
60 1J 45 I 30* 30* 30V
268 104 616153 27* 37V 27*
38% 22 VF Co 64 26 11 4633 98* 29* 30 4 V
MV <JV VaiBiJ .ioe 16 36 1277 9* ftb Oft
9» 4V Valare 3639 BV 6* W* 4 W
27 22* Valero! 364 1X5 9 25* 25V 25V
25V 15V Voter nr 266 96 1074 saw a* aw 4 %
25* 16 VoiNG 250 142 23 652 17* 17U 17ft 4 ft
3* in Voter In 10 34 2U 2U au
a* 13* Vcrtora 60 U 11 77 17* 16% 17 —ft
10V 9ft VKmpn 115 10 9ft 9ft— ft
7W m Vorcn IB Hi 114 »
39 1BW Vartan J6 16 69 242 27* 27 27* 4 ft
3% 2 VarJtv 9 1531 2* 2* 2* 4 *
2SV 14V Varitv PMJO 66 102 19* 1*V 19ft— ft
S lift Veers 60 XO 18 404 1» J«b 19*— V
13* lift VeatSa 1J0D9J 4 13 12ft 17ft— ft
6* 3V Vastm 57 4 » 4
87 73 VoEPpf 7.72 97 150= 80 78V 80 +1*
85 71V VaEPof 765 97 Shift 7«. 7rt.-».
32ft 14 Vlattay 601 27 IS 133 30* 29* 29*— %
61 20 VtetaCh 60 9 71 16M 54U 52V 54 41*
12 a Von* an 10* 10* 10*
1&1V 74 VooiOd 37 12 1MV MOW 100V 4 *
158 95 VukM X92 26 12 6 152 iaV152 41
W
— u
12* 12* 4 V
30
26U 7 QMS
3* ft Qtmtef
58 31* QUOkrO 1^
27* 12% QookSC 60
14W 4W Quonax 6J
105 49 Quuntm 330
10* 711 Q*tVP 160 96
9* 4% QPVC 77*
38% 26V Questar 168 56 28
23* 10 Qk Rally J4a XI ■
13 230 7% 7V 7*
2 187 ft * *
XI IS 3768 57* 55U 56 4 V
46 36 2935 7M, 19% M —
6 II 156 13V 13W W%
27 11 2290 101 99V 100% 4 *
245 10% 10V iBft
138 8V. 8 t — ft
94 32ft 32V 32ft
158 11* 11V lift + n
IT* 34V RJRNb 270 46 11 54M 56U 5SV 55*— V
12S 111 HJPul 11^ 1X2 wl , iii2 1 l7 Vi, llV t U
II* 4ft RLC ■“>■*? *% ’US; ’Ju, 'J&l S
MV l RLLCP ■“ 43 j, g n " -
20 * % 19
16 M 749 BOV 7Wb 80ft
RPC
6ft - — =
3ft Radlce
B3W S7% Raft Pur IJ0
10U 4 Ramad
6V 3ft RonorO
S4W r»ft Roycrn* 74
17* Oft RjamFn .M
a* 14* Roww
11ft 3W RoW g
.83* 57W RpytMi
4
AV
-19
15*
10 *
18*
2U
7\9
— *
45
A 12
17 13
260 1X0 7
JJ5a U 54
]M 21 II
9* B* 9W — V
5V 5U S*
43 42* 42V— *
9* 9W 9ft— W
20V 19% 30
3* 9* 3* _
7S-. n XL 7, * + %
ft ReodBl^ S' 2* S - U
,>2 S^?T PfA lJ4 7 9 15 35 17 16ft 16ft + *
’IS SE&a 18 M3 6V 6* 6V 4 U
6* RecnEq .. MO Oft 7 9*
5U Rad™ # . .5*3 11 inas 11 + *
7 Rn t»k JO 2J 7 1295 11 11^ + w
gWf I j, M 6V ** *V 4 *
s .s’ss'sa'Kts
hiWr*xi%vzf z:
J7_. tochTI ’S tS* 9% M* + U
Di 34 334 39W 19* 19ft
?3 I 2 J35 27* a* 22 4 *
16994 12 7ft 7% 7ft— *
U 11 264 34* 34* 34V 4 U
“lilOS? 22V 32* 32V 4 ft
g g sib i« 2ss aa- s
\
>•»
sa
25
467
890
1295
165
80
40
155
ii
3841
lift 5* Refc«v
Ml! MW RffcCtr
54 14W Rocked
«* 4ft Rod Ran
43V, }a RoMoo*
35* 12ft gow;_ 4
IV* 9* R#B»E *
J6
fl
M2
144 18V 17* 17*— ft
ssi&isr. s
.. — 7 4918 HSftlOMhltB
’S 'k 'SV!
sjffiiass
33 nu 19V I9U 4 ft
« _ 240 15* 15 15% + Wt
« 2J li 5151 26V KV Mb— *
a 4j U 133 29V 29ft 29W — H
eg 36 7 317 Mft 14% 14* + %
1.17 1X8 »<
H, 3* Rowan
130% 94* Roy> D ,
IJV 5 Rovinl
•* 5* 5f*2.
jiw it Rubmd
38* 17V g“«?7
19* 11
18V IBftgSSS 1
J8U 20 ByOer
JtV 17* gvfcjH
yi, 31 Ryiond
to* 7* firmer pfi.
7349 6 9
.160 1J «
J2. 26 ^
J8 16 3g
60 11 ■
60 4JS 20
3* 16 I?
7* I 4 *
L
7, 11 1867 32% 32ft '32% 4*
5 88 7% 7* 7ft 4 ft
11 >5 .3
2J 17 IS!
sm SCEgt -^e 5 -ffi 7%
1317 5 SCOR U -lj* 97 BV 8ft 8%— %
^4*
l.oJelXD S
JO >.1 V
1JMU
1J0 xs 9
21* Sol I Kk>
“j? iT% iJS m t ft
57 is% lift lift + ft
17V 26* Z7V + V
a • 8% Bft
190 a% 2iv ?LftTS
521 II
1*%
391*
>^> « v & im «■ iw. + %
r 4 r-i» a ojissa^ift^rs
h BSg» «I ^ I
3J* 23ft 206 242 1«* )4
t ,i n ^ r
&?S2S5WFiS’“ ‘ ” " n - w
tft
savin
ij* S 5«>w*!ii
1033
14
5
10
481
9*
4*
3%
3 Hi.
9*— U
9V-
3ft 3%- JJ
W Jft
savn&B 60 >76
s* Schwb
160
62
60
S 2S
8
43 14V T Hinny
17U 5* Ttaerln
117V 65* Time
51* 29 TmMIr
*1W 21* Tlmtaib
6* 2* Titan
29 13* Tokhetn M XI 12
19* TolEdPtX5Te116
33U TatEddf 361 11.1
l
5
10 1.
~ «■-**
15 7* TV 4 U
n 1% ss ir
182 48W 47U 47V
116 23U 23
19 a* a
»• 10% ^
7 12%
20 4* «U 4*
52 6V 6ft 6*
319 48 S* 40
1881 13% 13V 13* 4 W
9 24 2002 1T5W 111*114% +2%
26 IS 719 MU 31V 32 4 *
U 21 4M 31W 30* 31V
10 2 * 2 * 2 *— *
115 22V 22* 22*
28 ZJ 22* 22*
5 35* 35W 2SW
1 a% 21% a*
6 20 30 20
5 a a a — *
MX 5U 5 S'* 4 V
144 10 9% 9%— V
33 a* 31* 31* 4 W
422 a* a av + *
100 98* 9TV 98* + V
75 15* 18 1SU
74B9 3* 3ft 3U
387 43* 41ft 43U +1%
18
25ft 20V ToJEdPf 2J5 106
22V 19U TelEdpd 2J1 IU
22W 19U TolE OdlBU9elX9
9* 4* ToliBra
20 7* Tonka
36* 20* TootRI 330 3
33V a* Trchmk 130 36 10
105% 98* TrdhPl 8.15a U
24% -11* Tara 48 26 10
3* lft Tosco 7
44 M Toscunt 237 IS
40V 72 TovRU 23 2226 39 30* JBk- *
12 7U Tranwl 166 144 292 139 8% 8* B%— V
37% T4 TWA 371 95V 34% 35W 4 U
17* 14 TWA pf 365 146 37 15* 15* 15* 4 ft
44W 22* Transit, 161 5A 7 1025 35ft 34* 15ft 4 U
36* a T ranine xzao Mil 4 24 23% 24
14ft 10ft TmCdae 68 66 61 lift 10% 11 +ft
10 4% Trracop 6 » SV 7ft av + *
39 18 TroniCO 1J6 46 292 33 32* OTk— ft
49* 37* Tntsc pf 465 96 12 48% 4» 48*
10* 4% TranE* 68 14A 128 6W bft Jft
4* 2U Troracn 35 9* 9* 9*
30 14V TmsTec 68X7 9 30 IS* 18V 18* 4 U
46V 3D* Travtar X40 X9 63 2492 3SV 34V 34*— *
33ft 20* Tricon 4.49*21.1 281 21* aft 21U
30V 27* TriCn pf X50 86 4 28 28 28
49* 29V Tribune Jt 1.9 18 974 40 3M0 40 4 *
- - a uura jntata Wk + t
64 X1 12 186 27* 27W 27* 4 U
3 60 t5U 15* 15ft
,10b 6 10 300 13V 13W I3U— ft
9.9 29 20V 2BW MU— ft
74 11 143 51 52V 53% 4 W
46 11 276 8V BU BV
26 10 5 27* 27V 27V , ,
J 19 2461 37V 36* 36U 4 V
37% V4W Trtntv
43% SOW Trtnovo
17* 6* TrtfnGs
23V 11% TrilEng ...
27* 18* TritE Pf 200
59% 49W TucsEP 190
13* 7 Tuttex J6
33V 17W TwtaDB 60
3JW 15* TyenLb 64
11* 5* Tyler
440 66 4 105 7 5*7 4*
U
105% 55 UAL CP
2BU 25 UDCpfS
2D* 11* UDC 240 1X7
28% a* UGI XM 86
11% 4% UNCInC
25V 15* UNUM 48
41ft 26W USFG XA4
52U 41 W USFGPf XIO
7* 6* USGn
2AW 16W US LI CO 66
35* 1»V UST
38* a USX
51 43ft USX id
61 41V USX pr
36V 9* Ultmto
28% 17V Uni Fret
42W 28* Unlftvr
67* 38 UnlNV
47V 26 llnCntp
a 1479 97* 96V 96* 4 U
1 26W 26U 2JU 4 ft
5 64 18% 1BV 18% 4 V
8 77 25% 26% 25% 4 U
15 229 9* 9V V« 4 *
1.9 11 274 25U 25ft 2Sft
86 8 1441 aft 38* 31* 4 *
93 8 44* 44ft 44*— *
3 a*3 7U 7 7W 4 U
36 9 116 24* 24* 24* 4 U
168 43 M 873 35 34V 34W
160 4A 16 55M S* 27 Z7U
XSlelO-1 5 47* 47V 47*— U
360 76 657 46 45V 46
12 90 10U 10 10*— ft
60 6 17 7 25 25 25
1JO* xs 10 285 a* aw nut*
16le 3J 11 974 54V 54 54* 4 *
164 37 9 16a 33* 33U 33* 4 *
32* 15V UCorb 60 XI 935457 26* 25 26 4 %
lift 4 UrSS: 25 746 UV U 13W 4 W
15ft 19% UnElec >« XI » ,a ? SS SS ^ u.
24 18V UnEI nf 7 13 96 1 23% M* m, 4 ft
BOV 66 UnEI pt 7M 9.9 Wta 75 75 75
83 49 UEInfH BJU 96 lOUz 82 80* 80*— ft
19* 13* UnExo IJOellJ 17 56 13* 13ft JMb- ft
80V 45ft UnPoc 260 36 11 1753 58 57* 57% 4 W
MU 5* UnTe* .10e 1J , *» >«* ,** «- «
15% 9 Unfad Fn JUS 93 16 15V 15% 4 *
47* 24 Unltyi 160 33 9 5574 31V 30V av—*
79 48 Untevpf X75 66 Till Sift 54ft 55V— *
So lei figure* are unoHIdaL Yearly highs and law* reflect
the previous 52 week* pUs It* current week, but net Me tateart
trading day. Where 0 split or stack dividend amounting 1 d 25
percent or more has been paid, the years high-low range and
dMdsnd ara shown lor me new riDCk only. Unless Otherwise
noted, retw ot UVHfcWfc or* omwo! SlSbUMErngnlsboHltM
the latest declaration,
a— cBvWsnd also exlralslj'l
b— annual rata a< dividend nius slack dhrktandji
c — nauWattna tf) viuoncL/i
cM— ariledri
Cl mm QM Vttarlv lOWi/l
e — dividend declared or paid In preceding 12 monthsul
g —dividend in Canadian funds. suMcf ta 15% nonresidence
lax.
1 — dWdeml declared after snllt-up or Hock dividend.
I— dividend paid this year, omitted deterred, or no action
taken ai latest dhridend meetina.
k — dividend declared or paid this vear. cm aceuinuiaftvt
issue wltn ntvldems In arrears.
n —new Issue In the pest 52 weeks. 7iw high-low range begins
with me start of trading,
nd — next dov delivery.
P/E — Pricoramlngs rotla
r— dividend declared or gold In preceding 12 months. Plus
staGk dividend.
s— stack spill. Dividend begins with dote of sollt.
sts— sates.
t — dhrktowj paid tn slock in nraeedina 12 months, estimated
cash value on ex-dlvideM or ex-distribution date,
u — new veortv high,
v — trading halted.
vl— In bankruptcy or ritaefvershlp pr being reorganized un-
der the Bankruptcy Ad. or seairttlfa assumed by such com-
DanJa.
wd — when distributed,
wi — when Issued.
m — with warrants.
— ■, -dividend or B»-ri«hrs.
xdis — ex4ttstrltniilan.
xw— without warrants
y—ex4ttvMend and soles In full,
yld— yftW.
z — sales In Mil.
•40
41% U* WICOR 16 7J I 51^ 34ft 36* 4 V
9 2* WMS 25 6% 6% 6% 4 ft
24 21W nfPLS 14 88 23* 23 23* 4 ft
55V 49 WabR Pf X5D U lODDz 51 n a
22* 1W Woddit MO 36 13 1 19 19 19 — V
BU 4 WMnoc 5 51 6* 6ft Aft — ft
39* 20 WalAAri .16 J 26 7413 32* 32* 32* + ft
4D 24* walgrrt 60 1.9 16 782 32* 31ft 31 ft— W
49V 31*WatCS« 66 16 14 112 <2* 42ft UV
37ft 17V WamC 66 16 17 5627 37V 36V 36% 4 *
6SV 38V wrncpf 363 56 552 66V 64V AS* +IW
7* 3* WrnCpt ID 141 4U 4 4ft — U
85 48*. WararL X16 26 16 2541 T4U T3 74* 4 W
2AV 19V WashGs T68 76 9 192 25ft 25* 25 V
X0 2DB 27ft 26* SMife
9.1 10 88 27V 27W 27* 4 *
1.1 M 5509 41% 41U 41* 4 *
16 12 50 27* Z7V, 27ft — ft
217 2* 2* 2* 4 *
4 7 7 7 — V
133 13V 13 13ft— V
57 TV 7W 7W 4 ft
46 25* 25V 25ft — ft
27 28 27* 27*
70S 35* 35* 35*— U
977 67 MU 66*— U
19 16V 16W 16V 4 U
7ft 6* 7 4 ft
_... _ ._ 13 12% 13 4 ft
41V 21 WtPiPo 13) XI 13 9129 39 V 37* 38ft— IV
14% 9V WstctEO JO 13 32 13% 13V 13* 4 lb
2ft W vlWCNA 429 U U
I6U 13U WtGspf 1J0 1X5 39 13* 13V 13*— ft
20* 3* WstnSL S 348 4U 4 4ft
4* 1* WUnlan 130 2V 1% 2ft
a* 34 WUnpCM168e28L7 47 40U 39* 40
23V 9* WUn ptB TOO 26.1 35 11* 11* lift — W
74* 40 WsteE 100 IB 10 1652 S3* 52V S3U 4 *
37V 23 Wstvco .92 XI 10 508 27* 29 29W 4 *
50 10 5788 24 23U 24
73 285 34 33* 34 4 U
1 238 19V 18* 19*—*
X3 IT ~~
35% I9U WSIlNOf 108
2SU 22U WshWT 248
47ft 28 Watte
38* 19 WatkJn
2* % weanU
11* 6 Weonpf
20* 6* WcbbD
14% ** wedatn
au lav welnRi
41* 27 welsMk
41% 12 WMImn
68 37V WellsP
20V 14* MMFM
9% 4* Wendrs
20V 12U West
160 160 5
168 66 15
60 1J 16
16
ZJD 36 7
1-50 9.1
.24 14 30 aou
JO 13 17 72
1.10
3SU 19* Weyers !J0
46V 32ft Weverprl62
27V 5% vtWhPtl
36* au Whripi
22* MU Whltehl
au 22ft Whlttok IOO 2J 11
17* 7U WlCkos
8* W Wick wt
26* 16* Wick ntA 260 1X8
5% 3* Wilfred .12 26 77
19* 7V WillcG % .11 3 13
37W 19* William 140 46 8
7* 4* WHshfO 601 3J 75
10U 2ft WInchol
5 * Wlnlak
48* 37V WlnDix 1.92 46 T6
12U 7 WTrwbg 40 44 25
3* IU Winner
27* a WiacEn 164 SO 9
a 25* WIsGnf 265 94
23W . 18% WIscPS 168 76 10
41* 26* Wllcn
13* 7 V WWvtW
60* 29V Wblwth
m 5ft WridCp 5
18% 10* WrirfVI
41U 19V Wrigtys 44 10 17
2U * Wurltch
17V 7 WvtaLs
»ft 14ft Wynns
39* 10V Wvse
160 4J 10
.12 9 12
825 25% 25* 25*
164 11 lb 11 11 — W
74 35ft 34* 35ft 4 U
76105% 13V 12* 12% — At
62 17U 16* T6%— ft
a 5* sib 5* + ft
384 16W 15ft 15ft—*
1638 33 31% 32W— U
68 6 5% 6
54 2ft 2* 2V + ft
1111
138 46 45U 45* 4 U
1557 9V B% 9 4 V
3 1% 1* 1*
740 Mft 26U 26*
4 av av aw
its a* a* 2i% + *
98 35 34V 34*- U
385 13 12* 12* 4 V
164 X9 14 3164 55* 55V 55%
68
60
X9 14
29 a
6
4 5* 5* 5*
74 16* 16* 16* 4 *
*S “8
TO 9* 9* 9ft— ft
31 20ft 20ft av
630 11* 11 11 — *
78% SO Xerox 300 56 ID 3377 58ft 57U 57* + U
36 19ft XTRA 62 XI M 307 33* 33V 33*— W
29* 19ft XTRA Pt 1.94 7,1 7 27V 27 27V— V
59* 17V Yorkln
15 178 52* 52% 52*— U
au zonota
13V ZOYTB
8* Z*rrua
18 ZmlttiE
9ft Zeninn
1 viZenLb
21* 12U ZnnNtt
19* 11* zero
a 15 zumin
11* 7* Zweta
10ft 10 ZWtigTn
5ft
37
li
a
10*
7*
JBtxa
OObXX
A0
68
70 2ft 2* 2ft— V
16173 4964 Mft 25ft a 4 U
33 17 9 13* 11V 13% 4 W
384 21ft 20* 21 — U
145 TOi>M 10 10ft
218 2 1% 2
as 1BW 18ft 1BU 4 ft
OT 15W 15* 15ft— ft
771 27u au a% + v
383 10* IDV 10* 4 ft
T679 10ft 10 10ft
ui
9J
j NYSE H^hs-Lows
NEW HIGHS »
Albertsons
CvonusMlnr
GaCrtJtl
Kroger i
Newell Pf
OwnAUnrs
SalantGR
Union Carp
AmerTrPrm
Baxter Pf A
CamwMig
Kevstcon
Rexenen’
fimtterOn
Apple Qk
Deny
GtAtIPac
MMSouUI
Nevaind
Pmnwalt
SMCamCps
UrUonfedFn
BardCRs
DbSoto Inc
Hexcglb
NIP5C0
OakhePrad
Pnwll lAOpr
SunExplwt
NEW LOWS M
AncharGIb
Baxter PtB
DtattnlEa
NtUemlPf
5ntaDrEP
SnvderOtl pt
Bgncrexas
BloCrff
PstmmiA
Perm lp nr
ScwInpfD
Trchmk odi p
BestPrnd
FruMPfA
KavJewls
Newells
□nioMafts
Rarer s
TvcaLobe
BkBaeadlpf
ClttcpodPt
Haftllny
Ptejttnc wd
SheinVRs
WstnGOSPf
j AMEX Highg-Lov^s
NEW HIGHS »
ChmbDevAs
IntrClyGae
South He Pf
AmExoiar
Corcaon
GECawtY
NRMAcflPl
TIE Comm
□ark Cons
Jon Bell
TwnCnfrv
Data ram
Lvdaii
NEW LOWS 17
AmExpFPd wt BcardOU n
EtactrSnd EnavDevI
HalooMta Halil nv wtA
OraganStln SocCopCp
DIxanTIcan g
PerinICora
BridenBIta
Ford wfY92
KogerEntn
SfvGohBn
in the Trib.
Get the latest
word from
Language.
Floating-Rate Notes
Oa. S
Dollars
Issuer/Mai.
Akskn Finance JWOt
Alberta 93
Aiwrican Exptmb 97
Amu 5ubfl4MarW
Anas*
Ban
BcoDI Nmolin
BaDI Nopelifi
BcaDl RnmoJirtn
BaiDlRaman
Bco Same spklio 91
Bk Mmtraed 91
BkNonSoBttaa
Bk Scotland Pern
BatkenTraADD
BtCHMH
BU lot WMKilyJ
BbUntBl
Be Indnwz 97 New
BfaW(Cap)
Bice Nov ft
B9inasuez97iCDP)
BnnfS
Bnp97ICaa)
BnpRUW
Bappera
BnpffiMmirl
Ba Portbo, Pen>2
Bardoyi Porp Seri
Berckm Pens Seri
BardavsPeroOld
Bor aon O/S M
Belgium JulM
BrigkimJWRS
Belgium W (A)
BekXuni91
BekXun, 0094
□be 2085
Carterri S+L M
Carteret 5tL scene
Cstfral 77/08
Central ltd 88/01 AU
entrust 92195
CntrnstM
Centrusl 5«M «
Chasefl
OwaManCwPOo
gaw Ma, 97
Chemical «9
Otemical FeW
Chemical Od97
Orbtwila Pern
□NcarnK
CtaearaSea*
□ticorPPtag*
CltkornR
ancorpMorft
OltcorpPtop97
OH Federal Aua9]
CUkuraSH. Mar*
CM Federal 0ct«3
atvied May 91
CehxnbcaStLH
CamaknSI
Comatenbk Au0f9
Cam man Bk Aufl Pent
Commwth Aintralla 98
Coupon Next Bid Askd
8538 1741 ff 67 V>B
15* u-n mmoaj!
Bft 30-12 9UB 9825
8 - 97.10 9765
7ft 16-12 99J1 lDOm
75 IB-17 7762 9705
Bft 13029765 9800
7% 89-11 9950 9940
750 ail SL75 97 JO
(LSH 3VH UOdnaBM
S* a-03 99.19 WJ9
Jft n-W 9»J5 UIME
9ft 364D70J97X50
I lt-ii am am
■ft 13119746 9785
Oft 16-11 9960 WJ5
21- 10 99.12 9TA2
78bS 28-12 9JJ0 9655
8 21-11 9837 9U7
Oft 2W1 9950 10IUD
748 U-U 9908 9968
91/3271-11 98.75 9965
8* 0602 11869111119
8* 21-10 9&U 99.12
7* 15-12 9994 10UU
U3t HMD 9080
9U DWB inWftUB
Bft 1B-1S 99JB 9940
Bft U-178700 VBlOQ
SU. 0501 9B87 9187
tv. wawxovua
7ft 07-11 9365 9423
fft sun 9743 9705
Bft 2701 10U010B.10
e* inn taianan*
nv noiuojnnu?
< 2103 1SM5MB
7ft an 99.98 HOB
9ft 17« JUjOI 7160
IV. 30-11 W.7S W85
Oft 1303 9943 99^3
M-ll 9962 9932
Oft an nsa 99.12
lft - 99J7 9M7
81/4006*12 9964 9984
868 T363 9965 99JS
Oft 2202 9948 99J5
Oft 1411 9158 S1JS
9 ail 9701 *J0
■ft 21-1 0 *81 97a
8* 21-11 I6J5 9b60
Bft 11-H 16.10 1635
1* 07-11 77 JO 7950
6531 31-10 9U0 9615
Bft 21-12 9785 9610
lft 21- It 9U# 9625
8513 31-U 91J0 97a
8* ail 9615 9640
Oft 31-10 96019631
UQ 30-11 9980 9985
ISO SWJ ft* *.%
11/20 11-10 9948 9985
1575 03-11 TOJB51DQ.U
7* a-H 993! *9 J7
8ft 7H2W.9BHBJS
■ft 1302 9966 99M
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AObevNU 92/so Gb
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AiUnnce -Uric 95Gb
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Bristol Wst B Soc 93
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Ireland 96 Gb
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97 (Dm)
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Edt I Jay I NOV94 4 j0» 21-11 100.1610040
E.C.U.
Roma 92 (Ecu)
Cr FanctarftiEcul
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7ft 31-10 *9.98 10033
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T* 30-119998 10003
8 21-12 97 JO (850
Source :
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Credit SuMd-F.nl Boston Ltd.
ADVERTISEMENT
INTERNATIONAL FUNDS (Quotations Supplied by Funds Listed) Oct 5th, 1988
_ Net asset value auotattans are supplied by me Funds listed with me exception at some aootes based on issue price.
The marginal symbols Indicate frequency of quotations supplied: [d) -dally; (w>- weekly J (bl-bl-manthly; cr) - regularly; (tj - twice weekly; (ml - monthly
ALrMAL GROUP
(w) Al-Mol Trust. SA _
( r > /Wanogad Currency
I r ) Futures —
Iw) Equity -
Iwl Band
APAX FINANCIAL COUP.
Maritime house .FOB N-65.Nassau.
(mj AmoricciDltal MV 8
* 296J4
4 112X37
5 879.83
t iDigjs
8 101604
94.13
AURELIA ASSET MANAGEMENT LTD.
PjO Box SS $53?JlassauBahomas.
(wIHICMXaSnABMMiolb Aurelia i 1D7J5
BANK JULIUS BAER E CO. Lid.
Bcwrtwnd
ConbarH
iqutboer America .
baulbaer Europe -
Eouibaer Pacific __
S(Dcfcbar_
SPR-BAER
Swtsstaar.
BAJI MULTICURRENCY
‘ Multicurrency USS __
Multicurrency Ecu _
Multicurrency Yen
. . , Multicurrency FFR _
BNP INTERFUNDS
(wi interband Fund
<w) intenairrencv US»
SF M6J0*
SF 186X00*
SF 141580-
SF 1346J0-
SF1435JU0-
SF1862JD0-
SF 100500-
SF 222950-
. I 1J1SJS
ECU 15NX46
Y 228J3X00
FF1D6B.19
_ S 17X01'
$ 1046
(w) Iniercurrancy DM DM 3017
inter currency sterling 8 1030
Interainrencv Mnaoed S 1014
inlertaulfy French Offer _ s 11J8
Intaraqujty Pacific Offer — 5 14.10
interequ tvN. Adler. Offer, s 1
inter oaultv Eurooeai Dass S
intarequltv Australia CIS. — *
\ssztsiss&%& \
indosuez Multibonds DM _ S
Indasuez Multfbands us* _ s
tndosuez Multibands YEN . 8 I
1PNA-3 — - S
The Slam Fund s 1145
lid Fund S 11 JB
Mjrannr Ui
Dataa Lcf Int. Band s 103057
Eagle Fund LF 9930 J»
Eoi D"Or — ECU 97 JB
Governm. Sec. Fund* ___ 8 74LS1
ISbSICBV FL 1063X00
Lei com s 197169
Opportunities Fund s 76X8S
Prirop fund DM 4£)J2
Prlflrsl S 48062
Prt-Tedi 5 116766
Rente Plus BF 55707 J»
Setact. Horizon Dev. FF 5041*62
Select. Horizon FF FF 53MX67
Source Starv _ I 1074
Star Canv.Fuad FL FL 9946.00
Star Conv.Fund USD s 9666
IQUE S CAN D I NAVE EN SUISSE
CENEVA
(wi BSS Band Fund ... SF 77 JO
(wj BSS Intrfsoc. SF 155X68
BSS Inn Bond S 1.1BS
, -. BSS inn Eaultv s 1685-
&FJLCJW-
(w) Ecu Multtol ace merit ECU 112567
MIM 8 RITANNI AJNJB 271, St Metier, Jersey
s 2JT7-
S 1X51*
S 1.858
t 1497
( 2603
i S6S3
S 1654*
S a.942
£ 17J5
S X437
c Dj®r
Oka sob Global Strat S IMfl
Asia Super Growth Fund. _ S 9J6
IntjHIgti Income
Dollar MaruCurr ...
Dollar Man. Port
Slerllna XtarvPori
Pioneer Markets ..
U.K. Growth
Amor. Inc. 4 Growth _
Gold*. Prec Metals _
Sterling Man. Curr.
Japan Dollar Pert. Fd .
Jersey Gilt
d
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BRpADMTE'l ffrERNATTONAL^FUN D
I d>s Money Market I 1156
(dlNarvX Money Market DM 2861
Cw) S Bond — — 5 ixoo
Iwl Non-* toy) DM 3074
IWl&tabOlEbunv S 1X42
Iwl Global Bond % 1272
(wi Global Bond & Eaultv S 1X61
iw) Prec. Metx/Min. Sect S 054
B3N MANAGED ASSETS CY.SICA.V
It) Global Bond Fund ECU HU1
;t 1 European Securities Fund . ECU 1086
ill French Securities Fund FF 10660
(t I North American Secu-FUnd . S 943
(t) Pacific Borin Sear. Fund S 961
CAIS5E CENTRA LE DES BANOUBS POP.
;2!ES2S5SgS»Er±S
to^sssssgfss- W
Iwl Frudllux-Act.Eura __ ECU 1.10276
( d J Fructllux-Tresorler FF SJ25.94
CAPITAL INTBRNATIOfiAL
twl Cnpltol lnl-1 Fund S 76J1
(w) Capital Italia SA S 2909
CIC GROUP
(d)DbjldcMMWMre FF HK1468
I d ) CMXldC Court Tarme FF HB79J8
CrriCORP INVESTMENT BANK (LoxJ
POB 1373 Luxembourg Tel. 4776561
Cftlnvest Guardian Eura ECU 104360
TTRUST
...JUS.* Equities
Iwl U5.S Bonds — —
Global Money Market. -
GUgbot Bonds
(w
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CHlnueBl 1 lmilrtlfa ' ' j 120661
Cltjnvost Ecu Income . — ECU 12SOOB
C It Invest Guardian S $ 1019-01
CCF-GAMMA
17BJ2
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11-53
9J1
HITS
1081
CM Adlbonds — s
CM Cold prec Mat e
CM Gtabal Growth j
3X1)7
543
1092
CM North Amer Griti'_Zl_ j 762
Ehrsoes Court Terme FF 55613.99
Etyseas Lang Torino FF 51A4&V3
Etysees Monetalre . FF 5544173
Europe P f M tlge Fund — . ECU 9J2
RiSSSSMStet&tQSft ISM 1W "
ECU ^
wasfisswsi s , f
(wl CCrattaanae Dallor __ S 133W
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POB 455, Jersey 0534 27267
gandiPeligr Medium Term . s ituo
Band: Ecu Multicurrency. ECU 93t
. Eoutty; United Klnodam V te
EDIT SUIKE I15SUE PRICES)
' CSF Bands 5F a
Bond Voter Swt _ $F jj
pattgsfisei-i w&
Bend Valor Yen - Y IWKlS
Vtarc Storting c 1B4J1
— Valor 5wf_JTZT SP iSjo
UJi ' A 17171
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CR
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CS Efti Band E ,--
CS Gulden Band A 1
C5 Gulden Band B
CS Prime Band ‘A‘
egfiSiSd'S'— qm I’S f
«»»rt-T.BdDMArr DM 1^37
« M'J- “ DM B ~ QM 10G63,
CS Short-T. BdS A % {SfS
CSSh6ri.T.Bd*8ZZZHr 1 1D7J7
CS Money Mwket Fund j uiUl
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iwl Finsbury Group Lte .
I w j Winch filer Canilal .
5
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158-52
10463
f w 1 Winchester Holdings
iwl Winchester Holdings
Iwl WlneJ-taldings LkLE.0.5 ECU 109X27
<w)Wlnc.Reserwu.EJU ECU 1051J0
(w> wtnc-RexetVJlMIUGvBd. ECU 1083
twl Worldwide Securities 5
(w) Worldwide Soeclal
(mi Winch Futxu versified
(ml Which FuLOrlen Series
1ml Winchester Frontier — -
(ml Winchester Recovery Ud _
13430
14.10
27.13
6*0-56
17.92
20JB
56040
9X53
BBC TRUST Ca.UERSEY) LTD.
1-3 Sale 5LSf. HeHnr;0S3*-36331
EBC AMRO TRADED CURRENCY FUND.
e><d lint: Bid. S 13-71 -Otter „ S
9(d)Can.: Bid. S 1081 Offer S
INTERNATIONAL INCOME FUND
<dl Short Term ‘A’ (Accum) _ S
Id) Sheri Term -AM Distr) %
I d l Shan Term TV (Accuml — s
( d) Short Term 'B* IDIstr) — - S
(wl Lang Term
1X18
19394
16726
1-5240
13862
3008*
ELDERS (312} 5734440
(w) Eldars Futures Fund S 29051
ELDERS SWITZ-taaS) 24 79 79
(w I Eldars int BldSF 9x6SO«er SF 102JOQ
iw) Elders A us Bid AS 9unOHer AS 9X50
EQ LI I FLEX LIMITED
w I Europe A FL 9.17
wi Global A — FL 9gT
twl North America A FL 8.98
ERMITAGE MANAGEMENT
19 Royal Square. Si. Keltar. Jersey. Cl.
(wl Managed Fund S 2X30
(wl Cash Fund £ 2942
wl FJ. Perseus S
ERMITAGE MGT. CAYMAN LTD.
PA BOX 2192. Grand Cayman. BW1
Iw) GAM Ermitoue Ud. S
Euro PncJflc Advisers LM.
w) Comets , — — S
fw! Ptadflc^Norlion Invt. Fd .
FTC MGMT. LTD. INV. ADVI
2167
. . 777.72
Y 11409738}
.. . S 146261
. ADVISERS
Laurence Peuntv HilL ECX 01-6224880
' FACAttontlr n . J 1635
SfjSlBif "— — I ‘
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YPOB craMtamHfonBeraioda
FIDELITY POB ....
FW-Ainer.vaiJl »
FM.Amer.VaLIICum.Pref. S
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Fidelity SpcL Growth Fd. S 2640
( d ) Fklellry Wbrld Fund S 35\
FIDELITY PERFORM PORTFOLIOS LTD.
Id) American Portfolio I DJM
Id) Dollar Liquidity Portfolio S 1D63
d ) Eurooran Portfolio S . MM
d ) GLObol Cortw PoriioVln J 0-88
d> Hard Curr. Liquid) tv Ptfl. s 096
d ) Inti. Band Portfolio.
. d } Inti Eaulty Income Pm. ,
<d) Japan Poritolio .
(d) Recovery Portfolio —
Id) South East Aston Portfolio—
l d ) Sterling Liquidity PtiL
i d I u.K. ParttoHo
FOKUS BANK A&872 428 555
( w) So un fond s (ntt growth fd S
FORBES PO B887 GRAND CAYMAN
London Agent 01-839-3311
w) Forbes High Inc. Gill Fd _ l
w) Gold income — — s
w) Gold Appreciation S
GAIA CURRENCY HEDGE FUNDS
fwlGata Hedge I S
IwIGokJ Hedge II 1
$ 0JKE
S 093
S 1.14
S 0.91
S 0.74
t 1030
S 038
5030
XIIT
7940
_ 7459
SARTAtORE FUND MANAGERS INT,
X CAL-EDONIA PLACE, JERSEY 051427X1
CAPITAL STRATEGY Fa LTD.
‘ d I Starting Deposit f 1JI4
d I USS Depod I S UM1
dl DM Deposit DM 5-090-
d) Y an Deposit y 510-50
d ) Sw. Fr. Deposit SF 5-074
d) AustrXtallorDePLfd AS 1J69-
d ) French Franc DeposJI W FF 1038-
d } N. American s 136
d) Japan y 57180-
fdl Pacific Bailn Y 27X00*
. International growth .. .... S X54
dlBi"'
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Sterling Gilt.
1J8*
ljw
interijattanal Bond S 134
Yen CPnverttWe bond Y 275280
European Fund DM XX
E-C.U. Fund ECU M2
Australasian fund ... 1 031
Canadian fund Qml 0J5
EnerainB Mariieis Fund _ S 039
. Global Resources Fund S 0.70
GEFINOR FUNDS
London ;ot -49941 7L Geneva :4I-223S55X
(wl East investment Fund S 578.14
(w) Scottish World Fml ( 1713746
w) State St. American S 22X40
GEN B RALE BANK
( d ) Rent Invest
_ S 2fiJ2
_ S 11X97
LF 1X1 17 JO
LF 1X146J10
d I Capital Rent invest .
d ) Rent label Dfelr
_ d ) Rcntlnbol Cop _.
GLOBAL ASSET MANAGEMENT CORP.
PB 119. SI Peter Port. Guernsey. 0481-28715
(W)FUTURGAMSJL S 155J
w) GAM ARBITRAGE Inc I 211.1
wj GAM AMERICA Inc 5 19X4
w) GAM AUSTRALIA int S 141 J
• GAMASEAN Inc S 99J
GAM BEACON Hill Iftv S 11055
(w) GAM BOSTON Inc S 131.9
(w) GAM ERMITAGE i 21 S
wl GAM FAR EAST C 1194
wj GAM FRANG-VAL Inc. _ SF 1944
(w> GAM FRANCE Inc FF
GAM GLOBAL Funs .
GAM GROWTH Inc.
GAM HIGH YIELd Inc.
GAM HONG KONG HIC.
. ... GAM international Inc. -
fw) GAM JAPAN Inc. .
*
S
5
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(w} GAM Money Mkts. Fund _ S
GAM Money MkH Fund _ t
GAM Money Mkts. Fund _ SF
(w) GAM Monev Mkts. Fund. DM
GAM Money Mkts. Fund _ Y10
GAM NAM. unit Trust Inc.
GAM NAM. Unit Trust ACC.
GAM Pod He Basin Fund —
GAM PACIFIC Inc ,
GAM PA eWorld w. Inc. —
GAM PA C. WorldnAccum.
GAM PA C-U.K-Fd. I worn#
GAM PA CU.K-FdAceum _ 18X8 0
GAM Redr. FA Inc. S 137J6
GAM Stnoaoore/Matav Inc . S 12051
GAM Swiss Fr Soec Band Fd SF 10DJ1
GAM TOKYO Fund Inc. S 8958
GAM UXJpec Unit Tr. me (
GAM UX-Soec Untl TrAcc_ t
GAM C& Inti unit Trust Uic t
GAM C & Ml Unit TtUSt ' ...
GAM WORLDWIDE Inc —
GAM TYCHE SA. Class A _
GAM uA Inc.
Gam WWtohorn Fund Inc _
GAMut Inc —
G5AM Comoastte Inc
GSam int. me. ujorl —
G5AM int. incU-S spe. .
GSAM interest Inc — .
GSAM Intareal Inc.
Interest Inc —
interest Inc
'.MANAGEMENT PLC
. KXT.Aoal led Science-
a 1 G.T. asEan Fund
I
SF
- c
DM
Y 11.931 JO
) G.t. Asle Fund . — S
._I6.T. Australia Fund — — S
Id] G.T. Berry Japan Fund S
w) G-TStowtev/HepWi s
d 1 G.T. Bond Fund ... S
iwl G.T. Britain Fund — S
> G.T. Dautschland Fund , — S
d 1 G.T. Dottor Fund
£d 1 G.T. Europe Fund
(w) G.T. Euro. Smell Cos. Fund
■ 1 G.TGUX6 Small CaxFund >
_ ) G.T.GtatxJ Teautataav Fd~
d) G.T. Hang Kang Fund
■ ] g.t. Honshu Pathfinder _
_} b,t, investment Fund — —
w) G.T. JaeMSml CcFd —
w) G.T. Nat Res. Fd Gold Class
■ G.T. Newly Ind. Court tr. Fd
g.t. Select Dollar Bd Pfi -
G.T. Select Int BOWL
G.T. setact Gill PR.
G.T. Techno tony Fund _~—
G.T. U.K. Small CamaanhB
1356,
27.50
1035'
29.97-
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(w)G.T.U5. Small Companies 1 1031
HILL SAMUEL INVEST. MGMT. INTL. SA.
Jersey. P.O- Bax XX Tel 0534 74029
Berne. PJ3. Bax 262X Tel 4131 224051
Id) Crossbow (Far East I SF 14*0
Id) CSF (Bokmced) SF 3X60
(d) European Eaultv Fund DM 14A2
Id) Intel. Bond Fund t 1X79
< d ) Int. Currency UA t JIAO
( d l Int. Currency UAMonogd s 2 a5D
Id) 1TF Fd ITechtMtoov) » 17.95
(d ) O-Seas Fd (N.AMERICAI S 42J3
I AM . 3 Bd. ROYOl LUXEMBOURG
Id) lorn FlaoshlP Fund _ ECU 1013B
Iw) lam Bands Fund-Fronce FF 521.72
Iw) lam Bands Fund-Deutschl DM 207.63
(w) lam Bonds Fund-Jaoan _ Y 10.90170
(w) lam Bands Fund-Swltz. . FS 20*24
iw) lam Bends Fund-u^A S HM.W
(w) lam Bonds Fund-Euraae ECU 10733
(wl tom Bonds Fund-Nefherl FL 211.99
I NT ERSE LEX GROUP
Id) Ini America Fund S 1X67
(d) int.Betaa Fund LF 3V14JD
(d) iniJEuroaa Slcav LF 5440J
(d) Int J>odtlc Fund I tl5».:
( d 1 tnt.WorVd Fund - S txt7
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[ d ) j.f Japan Trust ■ y KUnsJO
- S 2191
S T7.W
S 5334
8 1139
% 8J3
ft 1X25
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(dl JF Pacific Income Trust
( d ) J.F Hono Kane Trusi —
( d ) J.F International
' d I J.F European .
_d I J.F Currency & Bona
LLOYDS BANK PLC POB 438, Geneva II
M1-S.C. Berieleti 1.122) 20861 1/ex 1.2222.
w) Lloyds Int'l Dollar ft
wlUavds lntil Europe — SF
w I Lloyds mil Growth SF
.wiuoyai nil Income SF
■Hw)Uoyds Inn n. Amer lea _ ft
ft
4
+'
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+lw)Ltayd9 inn. Smaller Cos -
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( O ) First Convertible Sen Fd __
(dl Iberia portfolio
( d I MultKurr. Band PortfoltO-
d)U3A Income Portfolio
d ) US Federal Securitas - — -
d ) world Nat Res PH. Share a
d i world Nat Res Ptl. Share B
NIMARBEN
. Class A
OB,
LIFLEX LIMITED
' Multicurrency
Dollar Medium Term
Dollar Lena Term —
Japanese Yen
Poud Sterling
Deutsche Mark — —
Dutch Florin
Dutch Florin Muttf
Swiss Franc .
- S
_ ft
: s
"dm
FL
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into
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203JKJ
29X50
130.75
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932
9J9
12X61
19J7
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1X41
1X67
1X94
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Convertibles ft
. Swiss Muttl-dl vldand — „ SF 1030
ORANGE NASSAU GROUP
PB8S57B, The Hague <070) 469670
( d ) Bever Belegalngwy44 s 2530
PARI BAS-GRDUP
‘d) BellUC Fund LF IO449J0
d ) Cortcxa International % 11030
I d ) Ecupar ECU 131131
id) Far East Growth Fund * 13439
d ) Luxor - S #.10
d ) Par all- Fund S 9631
( d I Pareunme Growth — ft 1637
d ) Porlnior Fund ft 19634
d> Par US Trees. Band ■Cl. Bft ft 13832
d ) Euraohenlx ff M77J2
d ) Par Inter Band Fund I 1336
d > Obi 1-Franc FF 1,14X80
w) OblNJm .
fw Obllgostlon _
(w) Obi I -Dollar -
Iw OMLYen __
'wi Obll-GuMM ,
iw) Pnrsulsse —
w) Parle
PERMAL GROUP
(ml Orakkar Growth ,
<m Noscol Ltd .
DM 1305A4
SF 9530
_ ft 1,17X10
Y HOMXOT
FL IJ9930
SF 133035
Y X91BJ0
— ft 156237
- S 104330
<m) 5otcct Equities Ltd ft 88XSO
iml Special OppartunltiKLW _ ft 1536.04
(ml Value N.V. s 184431
PIERSON JfELDR I NG 0. PIERSON N.V.
POB 2411000 AE Amsterdam (20-211188)
(wi Asia Pnc. Growin Fd N.V. - ft 36
(w) DP Energy Resources.
wl Leveraged Cap Hold —
wj Tokyo Pac_ Hold. (Seo)
(w) Tokyo Poc. Hold- N.V.
PUTNAM
d) Emerging Htth 5c. Trusi
wl Pulnam Em Infa Sc. Tr ,
.d) Putnam I nil Fund.
ROBECO GROUP
(d) Roilnco ,
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ROYAL S- CANADA, POB 24XGUERN5EY
- ft
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- s
2230
_ s
3305
FL
46X1
_ S
5043
_ ft
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15417
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1385
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11.13
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9X1
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92.90
FL
88X0
FL
5460
FL
151 JO
+1 w ) RBC British Fund U1 . _
4(wlRBC Canadian Fund Ltd CS
w) RBC European Fund — _ ft
WJRBC Far EOStAPoCiflc Fd ft
w ) RBC IntT capital Fd ft
wiRBCInn Band Fund Lid., s
+( d IRBC «sn.Currency Fd ft
■H w) RBC North Amer. Fd ft
ROYAL TRUST ASSETMIX FUND
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dlAtphaUSS ft
d) Aloha Worldwide SF
5 iAlDhn Jimnniw Y
d lAioha Pacific Rim ft
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ft
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d)Gold share
BOND FUNDS
d J sterling Found t
.dlUSSBond USS
( d IDeulsefimark Bond DM
( d 1 Aloha WorMwide SF
RESERVE FUNDS
I d ) Sterling Reaerve c
(d)USft Rwerve 1
[ d I Deutschmark Reserve _ DM
SHE ARSON LEHMAN HUTTON
(dIOffshora Multiple O pps. 5
OFFSHORE PORTFOLIOS (OP)
‘ d ) OP Globed baiceiced __ ft
d) OP Precious Metals 5
d OP Global Bond ft
d i OP US Shore _ ft
dl op Gtabal E«illy___ ft
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id) op Eure Eaultv *
d I OP us Govt Securities 5
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937
1034
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(d ) OP Global Money Market _ s
|ld) OPUS Money Market ft
.HTERNATiONAL PORTOFOLIOS (IP)
1 d ) IP Global BoloncM 5 1030
(d) IP Precious Metals ____ ft 9.17
(dl IP Global Band ft 10J1
Id) IP US Share S 1038
' > ip Gtabal Eaulty I 1035
. ) IP Padfic Equity ft 9X3
(dl IP Eura Equity . t 936
’dJiP US GawLsecurilles 5 1032
IFFSHORE SHORT-TERM INVEST. (OSD
IOSI Dewtiche (Mark .
1051 Japanese Yen.
I OSI Pound Starling S
las; itsnraiop |
S
SS
928
*33
1X00
9.74
1039
id) OSI Managed Currency
(dl OSl Canadian Dollar
SOCl ETC GENERALE GROUP
(wl Segglux Funds A J 1X66
(w Sooelun Funds B DM 2X97
iw Sagetux Funds C FF 8X35
(w Sogelux Funds D SF S8JS
(w Saaelux Funds E I 733
W SogoLur Funds F x imw
(w sagehut Funds G ECU 1038
( w SobMux Fund* H ft 1068
Sngelvn Funds J — . — BF 577 jo
Saaelux Fundi K - I 932
Sage tu« Funds i ECU 1MB
) Saaelux Funds M YEN I482J0
...ISogelu* Funds P_ * 930
jw) soeehu Funds Q I 9.16
iwl Sogelux Funds R s lojl
(wl Saaelux Funds! FF 10333!
Iw) Sogelux Funds T — ECU 1031
SVENS ICA HANDELSBANKENSJL
la PriruiifcL-2330 Lumrnbaurg
I bl SHB Band Fund 9 39M
(w Svenska Selected intiSh. ft 4438
(wi svenskg Sotact.Fd America Sh ft 9JS
1 Svwiska Seiect.Fd Asia Shares ft 8J6
SWIM BANK CORP. (ISSUE PRICES)
tdi kmtrlriiUHlitf SF 396X0"
(dj AnglaVaWr i isBj®'
ld) DaiiarBondSei»)fl)rai S 13X35
I D-MarkBandSetactlan _ DM 12X52
j EpiBandSeieclion ECU iSS
(di Florin BondSelectitin _ FL 12X87
I d 1 F raneevator
( d ) Germania Valor .
10) I la) valor
( d ) JaoanPortfoita ~
(d 1 SBC USSMMF I
( a ) SlerllnaBandSetcctlan t
(a) Swiss Foreign BondSel SF
( d I Swlssvalor SF
(dl UnlverHilBondSclect. SF
(fl) Uni vercol Fund SF
(a ) YenBandSeloction - — Y
THORNTON MANAGEMENT LTD.
. FF I4733T
. DM 414.13*
Lit 43UNSJ0-
. SF 1877-750
I 5289J
11009
11136
351.75
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1I1J3*
11749 JO
(dl Thornton Int eaai-fund
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( a I Pac-invL WarranK f<lsa
( d) Tnornlon Kangaroo Fd Ltd.
(d ) Thornton Euraaean Fund „
(d I Thornton HK& China
(d I Thornton Jaoon Fund LM .
1 6 ) Thornton Or lenvtnc. Fd Lia
Iw) Thornton Phil. Redov. Fd _
Id ) Thornton Tiger Fund Ud _
f d ) Thor Pacific Tech.Fd Ud _
t d l Thor a.111. Dragons Fd Ltd .
Id) Thor.Goldon OaPOrt.Fd
( d 1 Eastern Crusader Fund.
(wj The Global Access Fund. „ _
TYNDALL INT’L GUERNSEY LTD
TeUM81 27963
(d I High Yield Band
( d ) Marunouchl
l dl Wail street — .
Id l Far Eastern __
(d) 1992
(d) Gilt
1.73
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8J6
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1X77
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(d) HI Inc Gilt & Bulldog .
(at Mgd Currency -Dollar .
(d) Amer soec Sits
(di Eurobond - .
I a i overseas
(di Tiger.
(d) Mortgage .
UEBERSEEBANK. ZURICH
(d)M-FUND SF 102666
UNION BANK OF SWITZERLAND
(d > Bond- Invest - — SF
(d 1 OM-lmiesI bonds DM
(cf I ESPAC Spanish sh SF
d ) Foma Swiss Sh. 5F
d I Frandt French Sh. __ SF
(d l Germac German Sh. SF
id) Glottinvestah. SF
' d ) Sfr.-lnvest bands — SF
d) Sima (stack price) SF
d ) Yen-Invest bonds __ SF
UNION INVESTMENT Fraoklari
(d ) Unlrenta — -- - DM
IdlUnHonds^ — «« — DM
fri I Unlrnfc DM
Id 1 Untons DM
6435'
21070
189X0
16930
17X50
171X0
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20750
257 JO
104050
4060
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9J1
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Iml Canada Gtd-Mortgooe Fd. '
Id) Un Ivors Sen Amer .
Id ) Unlvers Sav Eaulty
Id ) Unlvers Sav Global
(dl Unlvers So v Pod ric .
( d ) Unfvars Sav Nat. Res CS
VERT FINANCE LIMITED
PB122 5t. Peter Port. Guernsey, 048T-2664 1
(w)Tbe Islamic Mgmt Fund Ltd. ft 1011X8
Other Funds
C r t ACTIcrotHonca ft
dlAdlHnonceinti S
wl Artiom non FF
w) Actives) Inti s
w) Aouita intarnatlonai Fund s
r ) Arab Finance l.F. - ft
b I Arlan* — ft
m> Aslan Portiolta - ft
d I Allas Fund SF
r) Australia Fund ^ s
w) Authority bond shares-^, ft
w) Authority growth shares _ ft
Id 1 Bahamas Suoertund __ s
(b)BiaoSaudi Band Fund ft
( d 1 Berg NonJon Slcdv I
1 0 > Berg Trust Slcav — . S
(w) Bergen Inll Fund. ft
Im) Bonar Currency A Int.
(w) Bandselax-lssue Pr. __ SF
(w) Callander Enver. Gr s
(d) Cash Gesl Ion _____ FF
(m) Cleveland Offshore Fd. __ ft
(w) Columbia Securities. _ FL
(wl Convert Fd. Inrt A Carte- ft
(w) Convert. Fd. Inn B Certs- ft
(wl Cumber inti N.V. ____ ft
w) DoJwo Jaoon Fund y
wl D.G.C - ft
wIDIVERSIF. BOND FUND ft
d J D-rrjark-Baer Bond Fd DM
d ) Dollar -Boer band Fd ft
d ) D. Witter Wld Wide I vt TsL 1
d ) Dreyfus America Fund ft
d j Dreyfus Fund mix s
, w ( Drevhn.lntweonllnent ft
! silSS. ! Srd«i5sz; &i
w) Falrifew inn Ltd. ft
(wt First Eagle Fund S
(wl F.l.T. Fund ft FF
' d ) Fondltalia -- S
wj Fonsetex issue Pr. SF
d ) FarBXfund limited - ft
7X20
872X2
1065J4
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221.10
971X8
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16X65
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d) Fronkf-TruU EHekten Fd DM 13497
dl FrankFTruid lnterelns_ DM 45JJ
wl George v INV. BOND F._ ft
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( w I Haussraann HkhK. N.V. _
I w j Health 2000 Ltd
(w) Hestia Funds ______
(w> Horizon Fund — —
(wl Ibex Haidlnas Ltd. S
(w) IFDC Japan Fund
r ) ILA-IGB
r) ILA-IGS
(ml tncAmerlco N.V.
m) incAsla N.V. —
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wl interface Fund Ltd. .
d) intertundSA.
«v) Intermarkel Fund
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(w) iniereecSA
(d> Invasso DW5
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_ ft
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ft
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(wl Korea Growth Trust ft
' » 1 LACO International — ft
.d ) LtauJOoer — — ft
(wl Luriund S
(mi Lynn SeLHaldlnos SF
f ml Mura LM S
(d ) Mediolonum SeL Fd. S
(w> ML-Mor Lav H YM. ft
:d INCA FUND S
Iw) Nippon Fund s
wl NMT Citadel Bond Pfi. _ SF
a >nm inc, &Grewm Fund— S
f d 1 Nomurp-Cao Int Ea Fd s
' d I Nordmlx .
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NSP F.l.T. .
(ml Opnenhelmer UXArtL
(ml owripoh Perfor. .
(w) Pancurrt Ina j
iwl Protected Perfor. Fund ft
(w) Ouantvm Fund N.V. S
(dl Rontinvesl - LF
17.74
52X82
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Samurai Portlala — — - 5F
Sanya KteJtonln Fd - ft
Sarakreek holding . ft
SCI/TerttSA Luxembourg ft
Soectrotund Ud. j
Stella Fund ■■ S
(« i Strat inn Geld Fund SA _ ft
(w)5u&se* Avantl _____ {
(W) Sussex Silverman j
w) Techno Growth Fund _ Sf
“ ' Temoletw Glob Inc. 5
Transas Gold Mine Irrv. s
Transpacific Fund .. — ft
Trans Europe Fund FL
Tudor B.V1 FulureiLTD _ ft
TurauoHe Fund ft
TwegdyAbwne ru,cui _ s
I wj Tweedv^rowiiB n,v.Q8 _ 5
}rn)Twesdv.Brownftu.K.)n.tf. s
(di Unico inv.Fund _____ dm
I d) Unico Eauirv.Fund ___ Dm
( d) Uni Band Fund — _____ ft
* > Uni Capitol Fund j
■) Unlvers BondsH
Iw) Unoyke Fund Ltd.
|w) Vanderbilt Assets
d ) Vesper Flu*
Dm
. s
. s
(w) Victoria Holdings Ltd Z— B s
(w) Wiiierbondcopiiat . . s
Id ) World Fund s a. _____ s
fd) World Bataneed FundS A s
(mi 2weta inn LM .
99X0
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11 87X77
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J Page 12
INTERNATIONAL HERALD TREBUIVE, THURSDAY, OCTOBER 6, 1988
**
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| Via The Associated Press
Seaton Smsn
Hton low
OctS
Open Higti Low dow CW-
GfOins
A luxurious,
useful gift for executives
on the move.
WHEAT (C8T)
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+32ta 28* DM +2T-; 477Vj OOTi +3$ta +JQU
AM 233 Mar 4 37 *33 UK) OIL +JMU
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XJE 150*0 Sep __ 149 +83
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Prev. Dav Open Ira. 7+310
CORN (CBT)
5800 bu mini mum- dollars per bushel
its t+rs Dec mvi 2 sj mw xrjvj —jn
Mar X98V Ut*4 2J7 1*7*. — 014.
MOV 38(Ni UK 199 l«ft — JQlAt
JUl 2*7 1W.1 2tA 3».S — XO
SCP 274VZ 175 172 173 — , 81*
Dec 2J»ta 230 157V £51 —JO*
MOT 2541* 24W> 264 £M — flOD
Es+Saies Prev. Sates 51330
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SOYBEANS ICBTJ
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1(166 4,99*4 Mov 123 UCi 1711* 123 -04
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T0LZ3 579 MOT 145 lift 137 8JK — .04 L>
1003 6691V MOV M3 143 134 BJ4 —JEW
936 767>*j JuJ 133 «4'/j 124 124 -88ft
Ml 733 Aim 117 119 113 113 — JEW
135 741 S« U3 744 7J* 736 —.04 Vi
7.93 $63 Nov 774 751 771 "r — JD
748 753 Jon 759 —.03
Esi. Sows Prev. Sain 44554
Prev. Dav Open In).
SOYBEAN MEAL ICBTJ
HKl Suns- dollars per ton
m00 15950 Oct 26+50 25950 245J0 2H78B +50
Dec 246.00 MV80 34530 266.98 +J20
Jan 244J30 36&SJ 7/030 23*30 +40
Mar HOBO 7ft2.no 259 JO 26070 +-*
MOV ZStDO 25+80 25250 25100 + JO
Jul 24+00 2SUW m00 24+70 +.«
A|» 10.00 KLUO 2030 MOJO +130
Sep ZJ 2 J 0 232JM ZMU» 230J70
Oct 227.00 227 JO 227 JW 226-00 +150
Dec 218.30 21100 214J0 21100 —250
Prev. Sales J 1 JS 1
Prev. Day Opm lnt 77519
huh
UB50
150.T5
14550
I43L5S
13955
LOW
11254
11X13
11450
11450
11950
Open Htoh Law Close Cna. j
Mar 12555 12650 12155 124-2
SK i32 «+» inn i«n
Jul 125J0 12175 12450
Cass
Dec 13X75 12175 12X73 13100
Season
HKHi
Season
LOW
Oaen HW* L 0 +
Close O*
BBITISN POUND (IM4M
-E U39 »*» J
i,n 15*20 1+7*4 pec i4»" JtTfr iuh 1 *771
Est. Sates Prev. Sates 4542
Prev, Dov Open Inf. 22519 art 830
SUGAR WORLD 11 (NYCXCBI
12450
+145
+50
+150
*.4*7
The aesKMiiary
that picks up and goes
wifliwu
SOYBEAN OIL (CBT)
MUMOEbs* Miars per 100 lbs.
3430 1755 Oct 2465 2MS
3455 lO Dec 2450 2455
3X95 2175 Jan 2555 2555
3X40 2HA5 MOT 2SLS4 2XS5
3100 2X45 MOV 2X90 2X90
3X50 2X45 Jul 2115 2115
3X05 2X15 AM 2X9Q XXflO
2930 2X00 Sep 2X90 2X90
ZB.BO 3X75 Oct 2X10 2X10
2X55 2X90 Dec 2X15 2X15
EsL Sales Prev. Sates 11592
Prev. Oav Open InL 8X505
2X97
2433
2+62
2X11
2X55
2X75
2X40
2173
2490
2450
2391
2437
2442
2X25
2X55
2X75
2540
2X75
2437
2430
-.40
—JO
-35
-■40
— 21
Livestock
Half your life’s story — or even
• more — is inscribed on the pages of
your desk diary. Yet when you travel or
go to meetings, most desk diaries are toe
cumbersome to take along.
■ That’s why the International
•Herald Tribune — constantly alert to
■the needs of busy executives — had this desk dia-
' ry especially designed for its readers. Bound in
luxurious silk-grain blade leather, it’s perfect on
find
No voluminous data and statistics are !
included in this diary, but on the other ;
hand a removable address book saves
5X45
Oct
7280
7X57
6*125
cec
7+2S
7+47
45.10
Feb
7480
7457
6780
aw
75,05
7X55
6530
Jun
7+07
7+S5
AKOI
AW
71 JO
7280
7030
Sen
69 JO
Qct_
7180
71 JS
it weighs a mere 340 grams (12 oz.).
mest attache case, and has gilt-metal
Per-
marvelous
gift for friends, business contacts and associates. (Note
that quantity discounts are available) Please allow 30
days for delivery.
CATTLE (CMS)
4aooo Os.- cams eer nx
7X47
Hi
££
7X20
7250
74.11 _
Est. Scan 19345 Prev. Sato 298S9
Prev. Dav Opm hit. 7X003
FEEDER CATTLE (CME)
44500 IbL- coals ssr lb_
9X90 49.73 Oct 8255
S45S 7025 NOV 8310
9435 7450 Jan 8X05
8333 74JG Mar 8250
8X45 7X25 Aar 81.70
8150 7450 Mar BOAS
79.90 7830 A kb 79.90
Ev. Sales X7C4 Prav. Sates
Pr«v. Dav Opm im. 11.157
HOGS (CME)
30500 tbs. - cm Is per It.
8235
8330
B4J0
n.90
87.10
90.90
79.98
licmlbSSribunc,
4+40
3740
Oct
3**0
4X45
4085
3+30
Ok
4285
43.12
5280
4180
Feb
4587
4+15
S1A5
4060
Acr
4473
44 95
5+25
4X50
4+90
4+90
5+X
47X7
Jul
<953
4950
$180
4125
4JL5C
4S5S
4780
43JC
Cc?
4513
4510
El! 5o«
+ra Prev. Soto "
644
International Herald Tribune, Karen Diot, Special Projects Division.
1 8 1 Avenue Charies-de-GauIle. 9252 1 Neinlly Cede*. France.
Prev. Oav Cser Ini. 339*
PORK BELLIES (CME)
aura is?L- cxmpcr a
INITIALS
upto3pcrdan.
Payment is by crafit card oni> . All major cards accepted. Please send me
; (Please note that French residents may pay by check
’in French francs, at the current exchange rate. We regret
_that checks in other currencies cannot be accepted.)
Please charge to my □ Access Dvisa DAmex
credit card: DEunxardD Diners DMastoCard Name
1989 EHT Desk Diaries.
Price includes initials, packing and postage in Europe.
67 X
4+43
Fet
SC.:?
SC4C
4+35
4+75
Mar
S3 >5
SCJB
6+75
JC
MOV
5I2S
S3)
MJC
»3S
Jul
SUE
33.10
as
47o:
Aw
SI 25
5)25
EM. SeiM XBT prev. Sates jam
P rev. Dav Coer, iai :sj3l
71.*0
7X9S
7X90
7550
7X97
7135
30.90
11J0
8290
8330
8230
8L70
8050
3*40
3*J5
4X15
4545
443?
4930
48.95
4&00
45.10
49.10
4*73
51 JC
5137
S09G
7X02
74J5
74.15
7X45
7447
71.95
7130
7135
5172
9232
8332
9X77
sxoa
80.70
7970
eisn
4X40
4533
4442
49.79
4930
49X5
45.10
4945
49 SI
5132
5X13
31 JO
-05
-JC
+.19
+.17
+35
+45
—43
—33
—.10
+.15
+95
-30
+43
-32
-as
—39
+.1£8
—.10
1 1X000 id*.- cents per Rl
1580
135
Jon
1+3*
784
Mot
1X64
787
MOV
1160
MO
Jul
1X30
+45
Oct
980
SOD
Jon
980
+9*
Mor
933
942
93S
9.K
•JM
933
*33
945
933
f.15
£•• X99
Est. sales 10.191 Prev. Sam 12995
Prev. Oav Open lnl.1 13404 up 597
COCOA (NYCSCE)
1 0 metric tons- loer ton —
2197 1103 Dec 1!» l»
3088 1125 Mar 1190 1231
2088 1152 Mav 1217 1250
U75 11H Jul 134$ 2*0
1850 1204 Sea ^ J273
1715 1240 Dec 1300 1313
1313 1305 MOT 1330 1334
Est.Sala 11.144 prev. Sato nil
Prev. Dav Opm Ini. 37.744 off H9
ORANGE JUICE (NYCE)
IXOOa Ibv-CCTlKPer It).
18X50 UX00 NOV 191.1
17X75 13X00 Jan 173X
17440 13*30 Mar 1704
17330 14*90 Mav 149.9
17190 14245 Jul M99
170.10 14190 Sea
Jan
Mar
EU. Sato 2300 Prev. Sato
943
942
9.10
*91
1*1
aw
1148
1183
1210
12X1
I25S
139*
1330
941
9.45
*4*
941
999
119
L93
1229
1227
124*
1275
1295
133$
13*5
+0S
+.10
+J*
+99
+94
+.04
— JU
441
+42
MS*
3217
91*0
930
831
81*0
| P?iv oTvOoenlnL 1-CSiP
I CANADIAN DOLLAR (I MM)
\ % 'S3r'rgr£* u &
l UN .7510 Nto
! »?.14 Jun
I 8251 .7*48 SOB
3140 .7928 ,P4C.
J E|| Sfl M Pf#v. SdWl
j Prev. Day Own iw
FRENCH FRANC UMMI
5 per franc - 1 OOml waHKOOOOl
,4420 .ISMS Cto
jsIS .15*33
Est. Sato pr*u.S«to
Prev- Dav Open l"»
\tst
41*4
*MJ
led
I ACT
exu
MXi
Al 21
iur
8117
I9TU
urn
-12
-11
-17
— U
-13
a
+4 ! GERMAN MARK (1MMI
+40
*39
+43
+42
I'lrs-w””
I ITS «n Msr W
jOi
w
JMt
Prev* Soto 19.717
3*03
54M
JM
19340 17940 mg»
Prev. Dov Open inr. 9A2* alien
_ — 5J0
nxeo no40 im*o — xio
1 170.95 147.95 14Xffl -XI*
) 17X40 14790 U+{S -ZJ0
1 14990 14998 l*X»
14595 +180
1*0.95 +45
14<L95 +45
2912
Metals
COPPER (03MEX)
2S900 ibx- anis per Bl
10980
Oct
11+29
12080
■ 1+25
11080
11080
N6v
11080
4470
Dec
10950
11 170
10780
4670
10180
4+50
Mar
niaio
101JD
91*0
*720
7X1$
9480
9750
9X40
9+S0
7370
Jul
94.10
*+10
9X70
7+00
5«p
*480
9+80
9480
77-*5
OK
*180
92M
9180
Est. Sato
7800 Prev. Sain 4A<3
Prev. Day Open Ini. 3494*
ALUMINUM (COME XI
AUMOtto- cents ow lb.
Oct 9990
Nov
7X73 Dec
8480 Jan
11X00
8*30
T08JS0
9400
OftJO
94.75
BX50
8X50
9480 10X00 9X40
exw
«M0
94.90
9190
9990 10X90
K
9990
+18$
+1.10
+.95
+J0
+J0
+J0
+J0
+80
+90
+490
+590
+4JQ
+XSO
8*U
914*
3445
Pri^DarONftliit 3293*
wSfioTs** 0MU2 oma
sis ss Jsrsssffi:!sK?|S
—
Prev. Dav Oa*n uit 3X>u
SWISS FRANC (IMM)
s iSS IX ss 5S S?
Eufsato PrrvSoto w
prtv. Dory Open ini. 30033
J
lndustrlol»
lumber (Cmii M
.7X50 !3S ms
tsttSia JO»
17*90 177 10 1 74 JO 1JJ* —3J
jur 17710 17400 Keeo itx*9
MOV iraoo 19990 lT1K
tooo iei;» Jul inn !5“
9X50 Mav
8390 Jul
82 JO Sap
BU0 Dec
9X50 Jan
Mar
Mav
Jul
Esi. Soles 19 Prev. Sato
Prav. Oav Oaen Ini. IBS
SILVER (CDMEX)
94.90
*090
TO.00
9430
9X50
9X50
1(780
HX» 17190
18490 170.10
ia 2 .oo sSi. i»w vmo '»»
j EiL Sale* L« Prev sgei 401
I Prrv.OavQaenim. 5J58
I COTTON 2 (NYCE)
50.000 H».-cenii per uy
Jiao 5090 oa a«
TO20 4145 Dec «JS
' 48.90 TO*0 Mar gAl
I **» 4991 MOV SXW
1 *150 4*24 Jul 5X00
sdS «» saw
r:8
=#.
S3
5XM
5290
5270
szao
SUB
SX9Q
so n DOC 41W $X*s
5489
5180
5140
5199
5295
5XIO
SX90
5X79
5193
510
aal
5345
4598
61+0
OCJ
4148
6148
6148
<298
+58
650.0
4248
Nov
43<8
+58
109X9
4048
to
4318
4415
048
43+5
+38
1098.9
4395
Jen
4414
+58
107X0
<318
Mar
4478
65+0
4398
453J
+58
*6X0
6458
Mav
6565
49+5
4528
44X2
+S8
9858
4548
Jul
4717
+58
0618
6618
Sep
61U
47 08
6M8
48U
+58
8868
6(08
Dec
6995
48+5
(985
499.2
+58
8158
6TO0
Jan
70+2
+58
91+0
7008
Mar
7156
+58
*108
7378
May
72+0
+58
7615
7400
Jul
7345
+58
EW.Soto 6SX0 Prev S^as 1*18
prev Dov Op en Ini. $7,835 UP 282
HEATING OIL(NYMS)
4xomaoi- cenle p*r oai ...
5,-40 3730 MOV $790 »J
S7W 3SA0 DVC AM
51.50 38.95 Jan
5140 7*95 Feb AN
SOJ0 3775 MO r »J5
5000 34.70 APT AH
47J0 3X80 MOV J5.ro
4+90 35.40 Jun 3XTO
47.00 3X70 Jul 3X25
4+00 3+30 AM 3X70
42.45 39.70 Sea 3*40
3BJJa 3*90 Od 37-30
+35
=sa
—Mg
S89 '~:S
3w — 1 03
53.43 —33
$2
M40
3590
3X31
3X40
3*20
3*40
3720
Est. Soles 17900 Prev. Soto 11,928
Prev. Oav Oaen lnt. *4.113
PLATINUM (NY ME)
SDIrav ax.- dollars per trav at.
44 7 JO 45200 Oct 51090 51120 50290 51090
44490 45*90 Jan 507 JO 511 JO 50190 5UL40
44150 49X00 Apr 51X5D 51X00 50+50 51X48
*47.50 50190 Jul S2090 52090 51490 5X1.10
544.00 50790 Od 52790
Esl.5aies Prev. Sato $9*5
Prev. Dav Open lnt. 20,144 off 578
PALLADIUM (NYME)
100 rrov az- dotlors ear oz
13* JO 1B4J0 Ok 11*90 HMS I19J0 11*93
U290 1I5J0 Mar IfUO 11*90 11790 11X50
137.75 11490 Jun 1I7J0 118J0 117J0 117J0
13290 11490 Sea 11*75
Est.sates Prev. Sato 551
P'av.Dav Oaen ml. 4.174 oH374
GOLD (COMCX)
lOOirav ai.- collars per hev oz.
40190 3*590
4B2.TO
—20
53350
1*190
OCt
39+ib
40180
—50
NOV
$44 DO
3*550
Dec
40X20
«S60
54*50
40180
Fee
404-0}
410.70
530.00
407.D4
Aar
41*50
4IS80
57080
41280
41+00
41*80
57X00
41950
575 JO
47100
Oct
SUJ0
40600
Doc
431.00
43X90
51600
43*.7D
52590
44X00
Apr
*77 00
44700
AW
45380
45380
42*10
431.70
437.10
44X70
44030
45430
Est Sales 40900 Prev. Sato
Prev Dov Oaen IM.l40.700
—30
+90
+1J0
+130
+130
+90
+35
+35
+35
*7.10
+290
+390
+240
+290
+290
+290
+290
+290
+790
+390
+290
+390
Eli. Sato Prav. Soles tX3s3
to*. Dav Odm inf. 9*304 Of* 3341
M42
1935
1X20
1*10
1X95
iag
1793
M90
1740
Esi. Soto " Pr+v. Soles 8X1 SS
Prev. Dov Opm Inl34294*
dorian per MU.
1X77
1210
Dec
1260
1260
1X57
1255
1X41
1264
Feb
1264
1170
Mar
13J0
12.7$
Aor
1195
1X85
1287
Mav
tioo
1380
12*0
11*1
am
jm
130)
085
$790
3795
lass
3X95
37 0B
3*00
3525
3+75
3X2*
3UB
3*40
3735
1X29
1X1$
1X20
1230
12.45
1740
1X74
1795
12*0
37.90 —J?
3XW —.4*
Xm
3935 -JO
1740 — 31
3*3$ —31
3545 —JO
3X25 -35
as 40
3*30 +90
3*40 -35
3725 —JO
vu:
1X44
—41
—a
&
>.«
1X74 -J1
1294 — .IS
Hi-
!?£
12*0
Stock Indexes
1-4
5-9
10-19 [
diaries
(fiarics
diaries J
U.S. S3Veach
UJLS37each
USS35eai J
oulsuleEarapF
L’5S7cadi
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| SP COMP. INDEX (CME I
| ^HJ4 Wd S D*« 373J0 37X05 2*1.10 IBB
aOJO 253*0 Mar 27590 777.30 J7445 27+TO
78230 24390 Jun 277.40 ^.40 27**0 27X13
Esi. Soto Prev. Sam 2*911
1 Prev. Dav Open lnt. I I&V43
■ VALUE LINE IKCBT}
I Dew 54490 21720 5*590 34* W
25190 34QJQ Mar 250.40 350.43 349.10 25090
Es(. Sato Prev. Sato 49
| Prev. Dov Open ini. 1-553
: NYSE COMP. INDEX (HYPE)
i oatafe amt cents
7 1TO2S 11390 Dec I54J0 15X39 15X70 19*90
, 15*95 14*25 MOT 15595 15*95 l».W U*Jfi
' 15*90 14*10 Jan 13720 15*00 15*90 1*745
13*90 15*90 Sep 13*. DO
• Eel. SOSes Prev. Sato 139*
, Prev. Dav Open lnt Ms*
i
=3T
Food
Financial
Commodity indexes
CardNa.
Exp. date.
(CM BLOCK LETTERS)
Address
COFFEE C (NYCSCE)
J7JOO U3-- ser?^ eer S
I S3 35 HCJ5 0*3
US T. BILLS IIMMI
tl million- o«s of lOOncf
:2s*c 1X95 iaa -1.17
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(oecnsary for craft cud purdaso
City/Code/Countiy
6-10^8
*+c«
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*171
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TOJI
Esi. Sato
•1.17
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919*
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Mar
Jun
Sea
OK
Mar
Jan
91*5
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*2.45
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W*7
*172
*157
*245
*234
*241
*X*7
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*291
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INTERNATIONAL
MERGERS
ANDACQUISITIONS
A raspr international conference
oospwisored by the International Hei^
and Skadden, Arps, Slate, Meagher, ami Flom
LONDON, NOVEMBER 10,1988
The last two years have seen a dramatic upsurge in inter-
national corporate mergers and acquisitions. As the number of
such international transactions has increased, the use of hostile
tactics has also begun spreading rapidly, even among European
and Japanese companies. These developments present business
executives and public officials with important challenges
and opportunities.
The International Herald Tribune and Skadden, Arps, Slate,
Meagher and Flom have developed an exceptionally timely pro-
gram which will address the effect of this new wave of inter-
national mergers and acquisitions upon business strategies and -
public policies.
A (fctinguisbed group of speakers wffladchess the meeting indudmg
Joseph Flom;
Skadden, A rps, Slate, Meagher and Flom
PHILADELPHIA EXCHANGE
Option A Strike
Uaderlvi** Price CntH — Loti
Oct Nov Dec Od Nov Dm
S am Australian Ooflon-centvaarBafT.
Oa. 5
ASoiir
?S
r
r
r
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077
793*
n
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007
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7*74
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arc
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r
7974
s:
cj:
065
r
r
7974
s:
r
r
1 ZS
r
r
1335* Britisn PounOs-cetUfi per BOIL
BPcund 173 C93 1JB r
14*80 175 r r r
3US0 Bfiinh PuunOvEortJBenn style.
149*0 173 r 1 JC r
58900 Ca n a di an DaUarvcena per ralL
29(1
495
*4-7
98- 11
99 - 1
97-19
974
84-21
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II
r
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r
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5273
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8 X 73
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07 B
r
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r
0-15
r
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r
r |
I 42J09 west German Mana-centi per anfL
: D Marie 49 r r r r
, 5395 52 r r r 0J)2
S395 S3 r r r 0JT>
5395 54 ai* 0J0 r 0J2
5395 SS r XU 0J4 r
5395 54 r 007 02* r
*250jwo J a pa ne se Yen-TOBlfts of a cent per Mil.
027
(US
1J9
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72
r
r
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081
087
7 JD 0
73
r
r
r
083
M 2
7 S 80
74
180
r
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r
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*1500 Swiss Froncvcenls per unit.
5 Franc 42 r r r r r
4X18 43 r 091 r 0L5E 0J2
4119 44 r r r ILN IB
4119 45 r r 094 r r
4X18 97 r r 8 M r r
Total call vox 7901 Coil open lot.
Total pet to. 14990 PutapeaM.
r— Not traded, s — No oat lad ottered.
Lost Is premium (purchase price).
XZ7
077
094
a*i
1 J3
022
0.41
094
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192
084
iota Prev. soies i.w
Prev. Dov Oaen lot. 20475
10 VR. TREASURY (CRT)
SKKMMOprln- pls&33nOsol 100 pci
*4-12 ^>-5 OK *4* *+»
9+4 8*74 Mar 9+2 94-9
*3-35 B®-9 Jun 9»3$ *127
*3-11 89-13 Sea
EM. Sato Prev. Sato 10.925
Prev Oav Oaen tat 91915
US TREASURY BONDS (CBT)
15 acts 10X000- PH X Kmtiot in pen
*9-3 74-1 Dec 89-34 8*4
95-14 72-20 Mar 98-5 99-30
»4J 73-11 Jun 97-27 W-2
*3-16 73-34 Sea 97-11 97-30
93-23 73-18 DOC 90-J0 87-4
99-31 73-1 Mar 94-14 94-14
*6-13 75 Jun 94-10 6+10
97-30 79-1 SOP *5-29 95-39
B+32 90 DOC 45-13 95-13
XI- 79 79-31 Aftor 94-39 9+39
93-16 82-19 Jun 84-17 9+17
EH. Soto Prev. Salesmen
Prev. Dav Oaen InL
MUNICIPAL BON 05 (CBT)
lino* Index -art 8. 32ndsar 100 act
55"2* D*« BP-17 89-31 B9-U
97-23 IB- 25 Mar 87-24 8X8 87-54
B4-J 77-4 Jun 84-18 >4-18 84-12
9+21 78-6 Sen 8+22 85-7 8+22
, il-l* to. 83-22 93-31 93-20
EH. Sales Prev. Sato 1J»
Prev. Day Open lnt. 1+951
EURODOLLARS (IMM)
*2.42
9X43
•2J7
9X41
9X2S
*XJ)
9124
9+8
*3-3*
*3-18
*3-4
98-21
984
87-30
87-5
■4-32
-<H
--01
-.01
+A3
Moody's
Reuters
D.J, Futures
Com. Research
Moody's : ease IDO
Clue
lJM340f
1-857.70
13191
m7t
DOC. 31. 1931.
Previous
1.06X40 f
1452.60
136.09
mtf
» - prellmlnorv; f - final
Reuters : test 100 : Seo. IX 1931.
Dow Jones ; base ICO ; Dec. 31. 1974
E5 E3
85-13
8+19
8+7
»
8+19
8+7
i*-24
88-1
84-14
S5-J
83-25
3 !
—1 :
3*
3;
4 1
—1 i
—1 .
—1 !
+12
+14
+14
+18
+20
*107
0961
to
9154
9176
9171
*172
9X71
89.29
Mar
9174
91-38
*173
9U4
9X12
•9.19
Jun
9182
917*
*170
*171
9182
89.00
Sen
9I8S
9187
*183
9183
— 81
*174
88.**
9088
90*0
9087
*087
*162
8+90
Mar
*0.91
90.93
9089
9089
—81
*150
8+82
Jun
9083
9085
9082
9081
—81
*160
Sea
9076
9078
9075
•074
—81
*1J1
9005
to
9068
9068
9067
9066
—81
W.99
M.9S
Mar
9067
9067
9066
9065
—81
9060
9061
905*
905*
—81
*057
ML28
Sep
9057
9057
90S
*055
-81
Est. Sales
4+778 Prev. Sates 3+230
Prev. Dav Opm 10+44X705
TO OUR READERS
IN HOLLAND
The International Herdd
Tribune snow on newsstands
throughout Holland every
morning six days
a week Monday-Satunclay.
If you have problems
getting your copy,
please contact:
Edipress International BV.
Wilhelmindstraat 1 3rd
201 1 VH Haarlem
P.O.Box 363
2000 AJ Haarlem
TeL (023) 32 23 41/Tx: 41 833
ALUMINUM ASA
gfrto* per metric ten
I 270 ^? 128080 127X00 128080
Forward 124080 125080 12(080 |S
Starting per metric tan
wot 153X00 154080 153200 154080
ornKSfi ISSSei^;- -
Mt+iiDO pot metric S. ^ ,n2aoar °’
, ] 51 5.00 1S25JJ0 151580 152580
144580 145580 144580 1^80
s iBi -nnp pgr metric tap
g" ■ ■ 378J0 377 JO J78J0
NICKEL ®480 37+50 37480 37+50
DoUare par metric tan
’2SS ’22S ’SSS 1,150
siTver! 9891 W0D * B0 7900
UJ- c«nt4 per trey WMt
wa> 61380 61480 61X00 61680
iSSTtHtoGrttof^" ^
stwlino per mefrictoe
SEl™, J3SS !3SMS J3S59
™ward 127380 127780 127580 127780
source: Ap.
SUGAR ^ ^
Freect, francs per metric ton
DOC 1800 1J73 1 J7D
Mar 1J39 1828 1J45
Mav 1 J 35 N.T. 1 J 40
Aub N.T. N.T. 1 JB 5
Oct N.T. N.T. 1 J 55
to N.T. N.T. l^H
ante
BM Ask area
1JSB5
ts
jig
1865
+ 17
+ 13
+ 14
+ 13
+ 19
+ 1J
EsLwl: 1,130 letsof SO tons. Prev. actual
sates: TJ36 Onen Interest; lftgja
COCOA
French francs per 100 ks
P« N.T. N.T. 925 _ + J5
St St' S2 “ +15
N.T. N.T. TOO — xk
N.T. N.T. *15 _ + ,5
N.T. N.T. 9B — +lf
N.T. N.T. 9SS — + 15
N.T. N.T. 97S - +15
Mor
Mav
Jiv
Sea
to
Mar
j London Metals j
j Goinmmlities
■ London
| Commodities
j Spot
1 Commodities
Oct S
_0ose Previous
OctS
Oct 4
gMW^tamPzMDMoUnca
COFFEE
LLS-Treasuries
former Presidential Assistant^
U.S. Securities and
Ambassador Alfred H.
U.S. Ambassador to the EC
Robert Maxwefl
Chairman, Maxwell Communication Corp. pic
Dr. Hans Dahm ■ ■ v.i« . .--a
Senior Vice President, Westdeutsche Landesbank Girozentrale
John Hennessy
CEO, Credit Suisse First Boston
George Maganr=f
Director, J.O. Hambro Magan & Co. Ltd]
Sir Michael PalKser
Chairman, Samuel Montagu & Co.
The Honorable Peter Peterson !
Chairman, The Blackstone Group
Bruce Wasserstem;
Oct s
30-vr.tmd
Discount
Prev.
BU
Offer
Yield
Yield
773
771
767
767
7 JO
7 M
780
7.10
IS
755
+14
+14
Prev.
■la
Otter
Yitta
Yield
10122/32 10134/32
+94
+94
Won Brufncfs.
FrencefroraparHOirfl
Nov
17QS
N.T.
Jon
N.T.
N.T.
Mar
N.T.
May
N.T.
Jtv
N.T.
Sea
N.T.
*>:
N.T.
N.T.
1800
1.190
1.194
i.ias
LIBS
1.190
1.185
1.225
I JOS
+ 2
— 27
— IB
— 12
1 JM — 8
— Unch.
— S
n^2liil2!f < li* #ns ‘ Pre¥i0,:t i« | * oJbs: n -
up®n miertsf: 0!L
-Source: Baurea d# Commerce.
Chairman, Wasserstein, Perella & Co.
. telex J5 ( 44n319 ^
'”* l Swk 0,w “
63Long^ cre ’
OKideiKls
0a. 5
Company Per Amt Pay rac
INCREASED
Pst Fefll SVBS BkMt q ,to ID-24 10-7
Mod) trust
89 n.is 10-31
SPECIAL
Executive Vice President, Nestle SA
Carnival Cnidn
Carnival Cruise
USUAL
SGSSvslemslnc a
Sinks Mfa C
BkKksiona income o
Blew Core, Q
CBntraJ 111 PuMS q
Napa Voitov 0kcm a
Podflc Enters o
32
32
1-3 12-1$
+3 3-15
85 114 10-14
85 10-fll 10-17
8917 10-31 10-14
.12 1M 1U
M 12-10 IMS
87 11-10 TO-15
87 11-1$ 10-20
Manual; m-manttrfv; q-quarierfv; Utetnl-
Swra: UPf.
France Reports Surplus
In Jane Trade Measure
Agence Fnnee-Prtat
PARIS — France registered a 3.2
billion franc (£504.10 million) sea-
sonally adjusted surplus in its trade
and services payments in June, the
Finance Ministry said Wednesday
The figure, which includes trad'.
in goods and services as well as
certain financial transfers, con-
trasted with a revised 3.6 billion
franc deficit for May.
The Finance Ministry said that
including the June figures, France's
balance of payments for the first
six months of 1988 stood ai a 5.8
bilhon franc surplus, compared
with a deficit of 5.6 billion francs
for the same period last year.
COCOA “ UP.
US. DoUm per matrlc too
Dec 743 744 744 735
MOT 776 777 779 756
» w 37i m
Jol 103 BD4 BOA 7H
are 820 123 819 815
to 860 869 060 955
MOr 990 895 895 981
volume: 201 Iota at 50 ton*
COFFEE
StartiM per metric tea
«>v U84 LIBS 1.190
Jon 1.173 1.174 1.192
Mar 1.147 1,168 i>(o-
Mov 1.144 1,145 1,174
Jet 1,142 1.145 1.170
5® 1.157 1.140 1.172
MSJ 1,140 1,147
Preview
EU ASK
733
756
773
799
909
8S0
970
734
757
774
790
810
955
1.173
1.145
1J41
1.155
1.140
1.172
1.167
volume: X30B Ms of 10 tom.
NA
NJL
NA
NJL
NA NJV.
NA. NJL
NA NA
NA
NA
NA.
NA
OASOIL
UA Batlars per metric lea
,SSn I”-fi 10*80 10+25 liOTS 11180
rnanS "S'?? 1W8* 1O7J0 lll.H 11280
.jjft 10980 10880 11(L73 1)180
N8, 104,® 10880 10+00 1*3875 1098(1
IMM Jfl 50 N*T. 10+50 11180
10380 10880 N.T. N.T. 10+00 11180
volume: ins** lot, of 190 tani
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Dee
Jan
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Mar
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BUSINESS ROUNDUP
INTERNATIONAL HERALD TRIBUNE, THURSDAY, OCTOBER 6, 1988
Page 13.
Consolidated Appeals to Reagan
Hostile Mirwrco Bid Is labeled a Threat to tJ.S. Security
Rnt m “
By Waixen Getter
International Herald Tribute
LONDON — Speculation arose
Wednesday about a possible Earo
— Consolidat- etgoin the transfer of its
7 ed Gold Fiekb PLC and an affili- Y . 888615 pending completion of
ate said Wednesday they have ^ mvesbgation.
wked President Ronald Reagan to . t^nsolidated Gold Fields itself
Wock a proposed hostile takeover “■* £°‘d operations in South Afri-
by Minerals & Resources Corn, on ^ A com P ai }y spokesman said 17
the grounds that arch a buy-out P®* 0 ® 01 of its Drelax operating
vonld endanger U3. national secu- come from South African
niy. operations.
Consolidated Gold fields, based *** u s - president gained the
in London, and its 49 percent-
owned Newmont Mining Corp„ XT •- n i
wteh owns the largest U.S. gold JVlIWait KYflUTll
mine, have atied t& president to liArtl111
wraoteamhorityundertbeD^ By Warren Getler '
^ t International Herald Tribute
WnSK2^S^? ned by 8 com - LONDON - Speculation arose
Wednesday abounTpoSe Enro-
P^ConmnmitypnSeof a British
^ rul * n 8 dial ordered the Kuwait In-
whSrlrfSn^SfS LuL,b°th of vestment Office to slash its stake in
are controlled by Harry F. British Petroleum PLC, while a
nritA c ,o . . kwyer/or the Kuwaitis raised the
UHtsohoated Gold fields said prospect of a challenge to the ar-
thc proposed acquisition would be der. ' ™ -
the largest purchase to date of US. A European Community spokes-
asKts by Sooth African interests man denied a report that European
and would imperil UJ5. access to officials were examining the lejaii-
strategic and preewos metals that macy of the decision Tuesday by
are DA natmoal security, the UX Department of Trade and
Consolidated Gold fields, which industry, which called for the in-
said half its assets are concentrated vestment office to pare its stake in
m the Umied States, produces stra- BP to 9.9 percent from 21.6 per-
tegic minerals including rutile and c*n«
zircon. The company said it win ‘There’s been no mproach to the
soct become a significant platinum commission by the KIO or by any-
pr 9? uoer i_. j ^ _ . . body else on the matter," said the
. Consolidated Gold Fields said EC official. He said reviews are
^ the president has 30 days from the usually undertaken only if com-
'• date its request was filed to initiate plaints are registered,
an investigation, 45 days after that The only possible baas for a
power to block takeovers that
could endanger US. security under
the recently-passed US. trade bill,
which amended the Defease Pro-
duction Act
Minorca's bid far Consolidated
Gold fields was the biggest in Brit-
ish history. It offered £2 billion
(about $3.3 biltion), valuing the
gold concern at £2.9 billion.
Kuwait Examines BP Order
in the London law firm represent-
ing the Kuwaitis said late Wednes-
day that TOO dearly is not incor-
porated here. It’s not a corporation
Surprising Stock Advance
Follows ManviUe Decision
/few 1«* Times Service
NEW YORK — Investors are apparently confused about the size
cf a stock dilution in the reorgamzatitm plan that ManviUe Ccrp.
trill follow as it comes out of bankruptcy, analysts said Wednesday.
The last legal hurdle to the restructuring was removed Monday
when the Supreme Court refused to hear an appeal of the plan, which
is expected to be completed by the end of 1988.
Analysts were baffled by a sharp rise in ManviUe stock Tuesday,
when it added $1,125 to cod at $2,875 a share. On Wednesday, the
stock held steady.
"People remember the classic bankruptcy turnarounds and think
this will be one of them," said Stephen'.!. Dobi, an analyst at
Salomon Brothers Inc. Tt won't be. Thera will be massive dilution."
The stock, which is subject to a 1-for-S reverse split when ManviUe
completes its reorganization, traded as high as $3,125 Tuesday.
ManviUe reacted with surprise to the stock activity. "We wonder if
people are losing sight of the fact the securities are highly specula-
2 Tokyo Brokers Accused of Fraud
By Patrick L. Smith
IntemarionaJ Herald Tribune
TOKYO — The police arrested
two stock broken on Wednesday,
including a former executive at No-
mura Securities Co., and charged
them with defrauding investors by
claiming to have access to the ac-
counts of leading Japanese politi-
cians.
The two brokers were accused of
offering diems the opportunity to
invest in issues they said were "po-
litical stocks," those manipulated
by local stock brokers and financial
institutions mi behalf of political
figures in return for favorable
treatment.
broad acceptance of political ccrn substantial g a in s if it invested
stocks among Japanese investors, in stocks the two brokers said were
analysts said Wednesday, and the then favored by Tokyo poUtidans.
extent to which leading securities Nomura Securities dismissed
houses are widely believed to be Mr. Kashiwagi a month later, when
involved in trading them. It also *vi internal investigation by the
coincides with increasing interna- finn revealed that be had used his
tional criticism over the insider position at Nomura to defraud the
trading practices of many Japanese investor,
brokers and corporations. The **o brokers were also al-
Until recently. Japan had no leged to have used internal Nomura
laws prohibiting inrider trading documents to gain the trust of the
Many financial analysts remain prospective client- A Nomura csec -
skeptical that new legislation, utive said Wednesday that the com-
which came into effect Oct 1, will pany believed the incident was the
be effective against it. only one involving the Nomura
In the arrests on Wednesday, Hi- name,
denobu Kashiwagi. 38. a former "We _ regret this incident, al-
pean Community probe of a British « aH, but an agpocy of the state of
rating that ordered the Kuwait In- *“?*{■ * . w . . .
vestment Office to sl^sb its stair* in
British Peerotenm PLC, while a
lawyer for the Kuwaitis raised the
prospect of a challenge to the or- were “still shocked" by file
^gj- order. •
A European Conunanity spokes- ' Mr. Walter, an attorney with Ste-
nve investments in the Tokyo mar-
ket, since they generally advance
with unusual speed and cany vinu-
aDyno risk.
The incident demonstrates the
February, by promising the con-
man denied a report that European ptxnsonnarvooa, said a LOorougn
officials were examining the lejaii- “V^w of the British gpvemmmi s
macy of the decision Tuesday by ^wuld be completed soon. The
the UX Department of^ Trade and “^arbs wffl then decade on a
Industry, which called for the in- of action, possibly mdodrag
vestment office to pare its stake in a legal appeal, he said.
day that TCIO dearly is not incar- people are losing sight of the fact the securities are highly specula- principal source of campaign funds mics Co., and Masahiko Dobashi.
porated here. If s not a corporation rive,” < a i d Wiliam Bullock, a ManviUe spokesman. f 01 x&py members of the govern- 45. who formed his own investment
at all, but an agency of the state of PhiDip Schaeffer, co-director of a bankruptcy fund at Cowen & ^8 Liberal Democratic Party, firm after leaving Daiwa Securities
Kuwait." Co., and an investor in ManviUe securities, said be thought part of They are also recognized among Co. more than a decade ago. were
Earlier. Wednesday, Michael the rise might have resul ted from pressure on those wbo had sold tbe investors as among the most attrac- charged with fraud by the Tokyo
Walter, the British lawyer repre- stock, short, expecting the price to drop. Such investors would be Dve investments in the Tokyo mar- District Prosecutors Office,
salting the Kuwaitis, said his di- forced to buy snares io cover their positions if the price began to rise. since they generally advance They are alleged to have de-
ems were “still shocked" by the But Mr. Dobi said, “It appears the demand is coming from small unusual speed and cany virtu- frauded a local real estate firm cf
'order. retail account s," he said. He said the stock is worth about St a share. allyno risk. 300 million yen ($225 million) in
Mr. Walter, an attorney with Ste- Tbe modem demonstrates the February, by promising the con-
phensem Harwood, said a thorough
ForU.S. Automakers, a Model End to Year
Kuwaitis win then decade on a Set to Fall in 3d OlUUler ~
course of action, possibly inducting Y By Philip E. Ross themselves raising production Sales of imported cars are esti-
a legal appeal, he said. Uni,ed Pras ln,emaua ™ New York f- lma Sentce plans throughout the year to meet mated to have totaled 250.000 in
“If a challenge in Europe is pos- AKRON. Ohio — The Good- DETROIT — Robust U.S. auto demand. They ended September September, down about 13 percent.
sible,itissometitingwewouIdcon- year Tire & Rubber Co. said sales in late September dosed the with an average 59-day supply of lor an annual sales rate of 3 mil-
rider," said Mr. Walter. But be em- Wednesday that it was expecting a 1988 model year on a strong note. car5 ' which is considered ideal, lion. In the calendar year 1987. 32
pharized that snefa a challenge is financially poor third quarter, pri- Americans nurdiaseri 15 6 mil- An ^ 11131 was widiout an end-of- million imported cars were sold.
n*\t a fnrporvn» (■mpliidrm At. a in nn, i- »- . * . summer clearance sale asm earlier _ n n. n
treatment. denobu Kashiwagi. 38. a former "We regret this incident, al-
Sucfa stocks have long been a department head of Nomura Seen- though it does not directly involve
principal source of campaign funds rities Co., and Masabiko Dobashi, us." the Nomura official said. “Wc
for many members of ihe govern- 45. who formed his own investment recognize the need to better edit-
ing Liberal Democratic Party, firm after leaving Daiwa Securities cate our employees."
They are also recognized among Co. more than a decade ago. were Tokyo investigators said, bowev-
investors as among the most attrac- charged with fraud by tbe Tokyo er. that the two men are also sus-
tive investments in the Tokyo mar- District Prosecutors Office. peeled of defrauding another real*
ket, since they generally advance They are alleged to have de- estate firm. Mogami Kosan Co., of
with unusual speed and cany vinu- frauded a local real estate firm cf 5 billion yen by using similar meth-
aDy, no risk. 300 million yen (S2L25 million) in ods.
Set to Fall in 3d Quarter
United Press International
to complete the investigation and
then 15 days to determine what
action should be taken.
The company said it and New-
moot asked that Mr. Reagan nnme-
BP to 9.9 percent from 21ri per- “If a challenge in Europe is pos- AKRON. Ohio — The Good-
cenL able, it is something we would con- year Tire & Rubber Co. raid
“There's been no approach to the sider," said Mr. Walter. But be em- Wednesday that it was expecting a
c ommissi on by the KlO or by any- pharized that snefa a challenge is financially poor third quarter, pri-
body else cm the matter," said the sot a foregme conclusion. manly due to increases in raw ma-
EC official. He said reviews are A leading newspaper in Tbe terial and employee-benefits costs,
usually undertaken only if com- United Arab Pmtriitf* Al-Khaleej, Goodyear said earnings could be
plaints are registered. said Wednesday: “The Bri tish move as low as $1.10 a share, compared
Tbe only possible b asis for a is yet another reason to prompt with $2.98 a share a year ago. “We
complaint, he said, would be tbe Arab sta les to study seriously new expect a recovery in the fourth quar-
claim that the investment office is a alternatives. It is time for migrant ter, bat it is imBxdy it wifl be strong
company incorporated in Britain Arab funds to come h»efr home, enough to offset the disappointing
that baa been discriminated against and for a revision of investment past three months," said Robert
as a shareholder. A senior partner policies." Mercer, Goodyear chairman.
AKRON. Ohio — The Good-
year Tire & Rubber Co. raid
Wednesday that it was expecting a
financially poor third quarter, pri-
marily due to increases in raw ma-
terial and employee-benefits costs.
Goodyear said earnings could be
as low as $1.10 a share, compared
company incorporated in Britain
that has hem <fi<rrinmnHnH against
as a shareholder. A senior partner
ter, but it is untikeiy it wffl be strong
enough to offset the disappointing
past three months," said Robert
Mercer, Goodyear chairman.
IRVING: Managers Accept Bid MAC MILLA N* f lVo > to Maxwell
(Continued from first finance page)
struck down a key provirion of the
bank’s “poison pili anti-takeover
defense.
The defense would have allowed
all Irving shareholder — except a
hostile suitor — to buy $400 worth
Bank of New York, which owns (Contimied from first finance page) boosted a previous offer to $9025 a
a 4J9 percent stake in Irving, al- share to $88^25 on the New York share in cash, but said that the new
ready has received conditional ap- c,„ t p T -i,. n -. bid was sulgect to. among other.
proval to merge by tbe Federal Re-
serve Board.
During the past year, Mflan-
based Banca Commeraale Italians
Stock Exchange.
Macmillan agreed last week to
bid was subject to. among other,
things, tbe ehmin&tion of tbe “lock-
lion vehicles in' the year, up about I alt sm earlier
percent from 1987. making it the y T“, ,
third-best year ever In September, sales of light vdu-
Sales of UJ>.-made vehicles to- we T c down ^ 6 - 7 P««nt
taled 11.7 million, up about 35 comparable penod in
percent from the previous model Wf 7 * ,oia ^ ab ° ul
year. Sales of imports fed about 15 Tbs was still a good result, analysis
percent, to 3.85 mfllkm. That de- sa,d -
dine reflected the weakening of die Ann C. Knight, an auto industry
dollar against other currencies, es- analyst for PaineWebber Inc. in
pedally the Japanese yen. New York said the drop in Septem-
It was a far better year than ana- her reflected, in part, the distortion
lysts had forecast after its inauspi- caused by clearance sales last year,
rious beginning in October 1987, Sales of U.S.-made cars were
when the stock market collapsed, down 6 percent in September at
From that point economists stud- 57&535, but that amounted to a
ied each report of 10-da v car sales rare of 7.6 million ner venr the
of Irving shares for $200 if any SpA, offered to merge with Irving,
suitor bought more than 20 percent But it recently withdrew the bid in
of Irving stock without the support August after 'the Fed ruled the It-
of Irving's management. Such de- laian government agency that
notes and warrants and .securities. TT. f -
for signs of culbadts in consumer
spending They never came.
Instead, for the first time in
years. U.S. manufacturers found
parison. 7.1
m 1987.
[ion cars were sold
September, down about 13 percent,
(or an annual sales rate of 3 mil-
lion. In the calendar year 1987, 3.2
million imported cars were sold.
■ France Firm on Quotas
France said on Wednesday it
was still treating Bluebird cars,
made in Britain by Nissan Motor
Co„ as Japanese and subject lo
strict import regulations. Reuters
reported from Paris. A first ship-
ment of 1.000 of the cars has ar-
rived in the port of Le Havre.
France’s attempt to impose quo-
tas on the cars becase their EC
content is less than 80 percent has
prompted a protest by Britain to
the European Commission.
Under lhc terms of an agreement
with Japan. France limits Japanese
imports to 3 percent of the domes-
tic market. Toe Bluebirds were let
in Monday because the limit has
not been reached this year, an In-
dustry Ministry spokesman said.
Record Losses
In*88 Seen for
Norway Banks
OSLO — Norway’s trou-
bled commercial and savings
banks will lose a record 6 bil-
lion kroner ($87 1.1 million) on
loans and guarantees this year,
40 percent more than J9STs
record losses, the Bank and
Securities Inspectorate said
Wednesday.
Norway’s three biggest
banks. Den norske Credit-
bank, Bergen Bank A/S and
Christiania Bank og Kredii-
kassen, are expected to ac-
count for 70 percent of the
1988 loan losses for commer-
cial banks, the agency said.
It said losses of commercial
banks, which are suffering from
corporate bankruptcies, would
amount to 42 billion kroner. 25
percent more than in 1987.
vices are intended to make unsotic- owned most cf Banca Commoriale
ited takeover bids prohibitively ex- had to supply financial imforma-
pensive. tion in the Irving offer.
According to the latest merger In a recent twist in the takeover
proposal, all present directors of saga. Banca Coznmerriale denied
Irving would be invited to join last week fh*« it hrfH secret toft*
Bank of New York’s board of di- with Bank of New York to divide
rectors, and aQ key personnel deed- up Irving. Allegations about a sea-
sons would be made by a commit- cret agreement to divide Irving
tee of directors made up of three were made in a press report rhm
directors of the Bank of New York quoted a senior executive at Bank
and two current Irving directors. of New York. (AP. Reutm. UPI J
owned most of Banca Commodate buy-outs.
had to supply financial imforma- when it agreed to that offer,
tion m the Irving offer. Macmillan promised that Kohl-
In a recent twist in the takeover ’Kravis could buy four of
saga, Banca Commerdak denied Macmillans businesses for $865
last week that it held secret talks 111311011 should their merger not be
with Bank of New York to divide cp^nded. Th°8f businesses in-
up Irving. Allegations about a se- dude tbe Berte language centers,
cret agreement to divide Irving **“ , djrect ory division, the threct-
were made in a press report that mating division and a division
quoted a senior executive at Bank that publishes state legal codes,
of New York. (AP. Reuien. UPI J Two days later. Mr. Maxwell
. V..77 rT .T r .; j r fense. which would make it more O A O - _
Kohibcrg^ Km™ u «n mvestmau “y , , t c r * , j f^ " ^ Carrier Pushing Ahetui With Expansion Plans After Texas Air Deal
femjhat specializes ia leveraged and a limit of $70 milliou (Continued from first finance page) U_S. carrier, signed an agreement As European deregulation ap- to secure additional destinations in
an the amount of fees to be paid to pressed UJ5. airline company and a
Kohlbag, Kravis.
As an alternative, Mr. Maxwell
said he would pay $900 million for
the four businesses thai Macmillan
service-oriented European carrier
makes sense for both, analysts said.
SAS will get the access to UB.
routes that it is seeking while ^ Texas
U_S. carrier, signed an agreement As European deregulation ap-
with British Airways late last year proaches, similar accords between
to set up a world-wide marketing major airlines in tbe United States
As European deregulation ap- to secure additional destinations in
preaches, similar accords between Europe.
agreed to sell to Koblberg, Kravis, Air will get cash that it needs, noted
and to drop his tender offer.
In its terse, one-sentence an-
nouncement Wednesday, MacmQ-
Anthooy Hatch, an analyst for Ar-
gus Research Corp.
Tbe agreement is not unpreco-
partners hip. and Europe are likely to crop up,
. . . , , said Andrew Geller, an airline ana-
The dea! was not wdwmed by Wst for Provident National Bank in
trade muons in Denmark, which pkfladelnhia
represent about 8,000 of tbe 34,000 ^Xers. an analyst with
SAS employees. A onion statement Enskilda Securities, said the agree-
cnbazed Texas Airt labor rela- mem would strengthen the hS of
SAS in seeking a new European
partner, such as Sabena or tbe
Dutch airline KIM, which it needs
lan made no reference to Mr. Max- dented, tot it combines dements of
well’s alternative proposal
f AP. Reuters, UPI )
arrangements m a new
Swedish and Norwegian unions
were sfiem about the deal.
Separately, a report published
Wednesday said Texas Air is hold-
ing discussions to sell its East Coast
air shuttle to tbe developer Donald
Trump. According to >mideatified
sources quoted by Tbe Wall Street
Journal the price tag on the three-
city shuttle is in the $200 million
range. A Texas Air spokesman de-
clined comment on the report
(AP, Reuters)
i t
Banco de Bilbao and Banco de Vizcaya
ANNOUNCEMENT OF MERGER BETWEEN
BANCO DE BILBAO, S.A.
AND
BANCO DE VIZCAYA S.A.
The Directors of Banco de Bilbao and
Banco de Vizcaya are pleased to
announce that with effect on 1st October
1988 their two Banks have merged to
form a new Bank to be named BANCO
BILBAO VIZCAYA, 5 A (BBV).
The merger, which has already received
the necessary shareholders 1 and
regulatory approvals in Spain, has been
accomplished under the Laws of Spain,
BANCO BILBAO VIZCAYA assumes by
universal succession all the assets,
liabilities and undertakings of both
Banco de Bilbao and Banco de Vizcaya
and these two present banks have been
automatically dissolved.
The rights of customers and employees
will not be adversely affected in any way,
and the merger will enable BBV to
enhance its range and quality of
customer services and to provide wider
career opportunities to staff.
BBV is powerfully represented in all
sectors of the market and is Spain’s
leading bank in retail, corporate,
investment and international banking
operations. As befits its international role,
BBV has an extensive overseas network
of branches, subsidiary banks and
representative offices worldwide and
with particular focus on countries of the
European Community.
The merger between Banco de Bilbao
and Banco de Vizcaya on equal terms is
in the opinion of the Directors an unique
opportunity to create in the form of
BANCO BILBAO VIZCAYA a truly
universal and competitive bank for the
benefit of shareholders, customers and
staff alike.
BANCO BILBAO VIZCAYA
Page 14
INTERNATIONAL HERALD TRIBUNE, THURSDAY, OCTOBER 6, 1988
Wechesdajs
WIEX
Ciosiiis:
Tables include Ifie nationwide prices
up to the closing on Wall Street
and do not reflect late trades elsewhere.
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™«nny>i^iim —
Dollar Ends Stead
EVTERNATIONAL HERALD TRIBUISE, THURSDAY. OCTORKR 6 ,
1988
Page 15
CVwpifo/ftv
.NEW YORK — The doJu! gZ,
Lille changed against moss
,-■.»* L • bib
■-*>'' r <4 ^ ar P drop
CMn
OaoiKhennrt
PWMdihittaB
,55533® ~
* W . 10 concur UmrnKvS I £*<-«? “ “£
^aon oaUoofc I 3JST £» !2S
Pjwanc on the Federal Reserve I Fr «*w>fni»c IS ^5
' n *y said most of the adivhw
SSS53ag||5-S JftSSJMK.2-
jteady in Slo w Trading ! U^S. Home Backs Rule
^ndon Dollar Rates I w-Eftiff.SftSE 0,1 Forei g^Beld Assets
Wnlrw
^riwirmc
very slightly against a rising dollar
£■» down from
j-i.ovbj on Tuesday. But the pound
was steady at 75.8 on its trade-
weighted index.
Dealers said that activity was
sub dned all day, with thedoUar
confined to very slim trading
?Sg 5^“” f - 8610 DM ana
md ,33Jfi >■ »
A smdl flurry occurred in the
s^ilgssss
“£?/% ««n«sses and property
S.’S-tt aswfiSar
potion is considered unlikdy. The H«L Ei^jSSf!
B5SSL5L »■« *^WSSffS 2
EC Anti-Dumping Duties Upheld
ssssskssl satiwit
a®® 5 STSSSrSSt
isSSS iSSS 1 ™
-rfSrfSK S==sasE* &MSJ5&S:
yon, couldn't hdpbSt^ mtfdlTtS R«gan threatened to the m^sue.
sssM^ffe t^a^jsssass
as impUcation5 -" « ^ “
“Evervnnp . . f>w- 1515?*“ P?Wption is that
after President Ronald
acquiring more than a 5
sggJMga^ giSSs^
to ooss-ttid- Foreien fin* eccnmio, coSTSL„.
* '■%&SSS di,ision “ «-
! ’ JJJ“^flarendedatl.8645Deiit-
“P ^ 1-8648 on
ivcuenw, corporate trea-
“ QKnricad Bank in
London. He noted thm * i
S^S? ^ "^“-S
Relatively firm West Gennan in- firm’s officers and directors. Uty 31111 “a^onahty of the
terest rates and a lack of dollar
competition- nents, enabling them to mami
( i“ another abject of the dispute, affair prices and market share,
the Japanese eovemment caoi Thm» — 1 _._.
unts, enabling them to maintain Tokyo. If
^fP 11 ® 2 ” 1 ! “art« share next Japanese move Sttw
3^ — iT^tiSSiS finite 1JOS
133J5 yen. at Deotsdie marks at the dosein
The dollar rose to U835 Swiss from I - 86 GSDM alTues-
foncs 1J5830 bat it eLSTS fSfln dose l wfaiIe il advanced to
6-3470 Fnach francs from 6^95 S -50 ^ from 3 33. 18. The doflS
The Bntish pound e^S 6 ^ ^ Swiss S
*1-6950 from 51.6948/^ P 7 ?“ ^ Tuesday's 1J790 and to
Londnn ti- _ . j — : — “ — ua in - — *«w <uiu a mix or aojiar
do*m°Sr Si 13,31 a break- I 00115 propelled the mark above
does tothSL^f^ Won3d P 10 ™ 3 * °- -85 Swiss ]Erancs for the first time
ance March 1986, dealers saitL
"ty m the Umted States. Manv d«w.
Many dealers expect dollar trad-
jng to be equally sluggish Thurs-
day, in the absence oTun expected
pews that might dislodge it tom its
mdedsive stance.
Dealers noted that central banks
r 7 ° ““ w mediate u , screwonver law." requiring that at panics.
lisaTttssss » *aa=s ^
firms.
(AFP. R ewers)
to an estimated JU trillion, said
tripled in the last seven years
wsentative John W. Bryant.
s legislation.
Eff ^£5 Xcha ^g eRate * ®*» Trade Imbalances May Le^
aSSSga: ass SsSSS-Ss s^eaasass a^. snSGS S
gfflg£-arggg s^assa sapsaatssss: ssSs®®? S'
chief ofSe S^L dcfiat ’ **“ Moneto y Fund. whtoSredjcta^n SSSS 1 whmtments. . * oMh? ca,a ^ 3tI0n “g^ heavy burden on the thrift
fg-sdose. wfafla hldv^d huS^ST 510086111 MmilS ^ He said ^ 17 Ui a^cics now cSo^^nr f™™,
X Daden notothhat central banks ^^ 3 ^^^ SmCQ,a,y
frora^e^^ 1 8 M 790 B a ,SfT ^ de f n onst ra tRd ^ int^S hJ 3SESS .^ife^“ ld ,? h3t . it would discourage foreign
6-3450
Khfi al “a
SU-
MS! -* :,.•
?>♦ • •.:
mw
iww* * <
j* ■.: ..
- •
,iw> -* a «-.
!»r(i wv ■ : ■
V • .v
A"
*--M t
-“V 1
04*1
.4^1
S4*^f A*
)M M :?a l •
sen
The companies involved in the f *rnrv ■ Tm
SSSJteS'ftte IJlKlF IS: Cost Estimate Boosted
SeacaOnou Ina. Sharp Corp. and (Co^tmted from first finance page) In fiscal 1988. which ended SepL
t?° ^yt ncCo. pared for the Senate Budget Com- 30* the insurance corporation
The EC Commission began an “““ee. promised S20 l 4 billion in assistance
mqmry m 1985 mto their trade Senator Lawton Chiles. Demo- to purchasers of sick thrifts, indud-
practices of the companies, after crat of Florida and chairmaxi of the “>8 $12.8 KUion in promissory
alleg ation s from European manu- Saate Budget Committee, called notes.
can I« nie s were “*■ w fD to testify on whether the Money-losing thrift institutions
s«™g eiectrmuc typewriters in Eu- federal Sayings & Loan Insurance posted a combined loss of S5 1 bD-
ropeat tmfatr pnees. Corp.. winch insures deposits in lion in the second quarter. That
. E C siM that in 1984 alone brings and loans, would n rr d a
the companies had increased their taxpayer bailout
^ketdarein Europe to almost Mr. Wall insisted that ibe insur-
KS J? 5 .?J! eTCO,taIlhe ance corpOTation could still handle
"k- "mtu insures aeposns in uon 111 tne second quarter. That
wngs and loans, would need a ^ only partly offset by 51 J bO-
spayer bailout Iron in profits made by 7 1 percent
Mr. Wall insisted that the insur- °£ ^ industry, leaving an overall
ce oMporation could still handle 53-6 bl33ion shwtfalL
s costs if the special assessment , ^I 31 30 improvement from
ra * nt «« may actnaDv
°«recton of 4e UA iSid
fitrope’s
3SSSPB/S
sssr”- fc
Oidpot in Europe to Rise "Sg'L - .££
P«1 lira ye»rs win disappear qnta^bd- O^JKRtS£»B-
«a-.ffiS5IC P»aa=Hfis=c EStaS«=ff a s
_ $3.9 billion loss in the first
percent on their typewriters, that this would place “an exca£ S u 2 r ^ cr . nn^ a record S4.0 billion
toe rate b based on a calculation “Biy heavy burden on the thrift de ” cit “ the final quarter of 1987.
of the difference between the ex- industry." Mr. Wall said that h was difficult
portpnee and the “norma] value," When Mr. Wall sueeesied this 10 calculate the effect of the higher
winch is based on domestic price, summer that the assessment would £ 5 !!? 00 *!“ UlS -. bu<i 8 ff l deficit
Jne mam argument of the Jana- bnws to continue over 10 vearx hr because only certain lands of gov-
i i “ - . . lu jwi».ac mrnimi ■
assistance count toward
-*• dom. ttZSTSnS to &£££*«
J*h r*s
ir«. • ■ - r
■ ■<■• :
.<;• . e - '
Prices
NASDAQ prices os of 4 pun. New York time.
Vut The Associated Press
12M0ONI
HMUwShxk
Mb. VM. PE&
■ r.;>rtu<w!i >• •
1VU Mi A&W Bd
Shift 5S 3
1744
Jh Ih Acodln
m AcmeSf
2JI* • AefARt s
SS^SiSS"
- *2 na is?* ini us,
-lowiTtSbiT+e
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- 37 1» fft TV. Am “
12 Monti?
HMi Low stex
SS'IS* Ctnfrtk
s»JW 4 QtirBc
JSI. 4 ft Contrc
A) 17 Contra-
IMS ITU, oSmT
T7Jb7M4 CtrCOp
h
W4S US ChrmSh
,JW 7h OrtOne
J«s 4« ChkPt
J7V. S Choroko
1* , 7Va chhiwid
18 CMIIs
30 OVh ChlMTc
gw MS Chlren
IMS 3h Cbranr
3MV a» S3£" x l J ® Sw
SS®. , 4 f i §
^11? £!?q. B .*wo <3 T9 n |
market in 1978.
TTw ooun also rejected a com-
ue, nations msolvent thrifts fal-
lowing the resolution of 122 cases
so far in calendar 1988
_0h.YM.PE mi Htaa LawiPJAnS
dS HI ? jSUh]K3SJ -' 4
:'3j 7 S^afTS
■70 *7 9 173 15 u*i 15 + £
7 .T* at '» s sa ssa-fi
= B.S’g
•« 3»ijs a
_Wy. YMPEiBh HMi LMlP.nK
r-aSiSiB ;
ft SR
s-aaar.nfifiSSs-Sis
12 Month
Low Slack
iiiiiE s “g ii^ssss :
However, Bruce Steinberg, an
analyst with Merrill Lynch & Co.,
estimated that the bud ge t deficit
will be inflated by nearly $15 bil-
lion a year over the next three
years, based an a cost estimate of
$50 billion for bailing out the thrift
industry. ( Reuters, AP. UP I)
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164* 6 ASofl .14 3 12 618 15 1«£ Mto - ft
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hhk
THE SHAH’S LAST RIDE: The Fate ol an
Ally
By William Shaweross, 463 pages. $19.95. Simon 4k
Schuster , . 1230 Avenue of the Americas, New York,
N. Y. 10020.
Reviewed by Thomas Powers
T HIS is not a pretty story. The last days of Moham-
med Rfiza Pahla vi who fled Tehran in January 1979
but never abdicated, were spent in itinerant erile, aimed
away In' one international “friend” after another,
gouged by his hosts of convenience, and slowly dying of
cancer as his doctors wrangled over his treatment Only
Anwar Sadat of Egypt welcomed him in his first week of
exile, and then gave him a place to die at the end.
Die skeleton of the story was daily fare in the newspa-
pers of the time, but nothing you read then will prepare
you for the sad, cold story W illiam Shaweross tells in this
fine book. The shah's role in Iran is the background, not
the subject, of The Shah's Last Ride.” Its moral, gently
stressed, is that where the “loyalty and convenience” of
stales are concerned, the one rarely survives the other. So
it proved with the shah
The revolution that ended his 38 years of rule delivered
his country into the hands of the Ayatollah Rnhoflah
Khomeini, an aged but far from decrepit Islamic funda-
mentalist. The shah’s old international “friends” were
confronted with a new situation, and a choice — all too
easily reached, as Shaweross describes it — between
loyalty to the shah, who needed refuge, and accommoda-
tion with the new rulers of Iran who hated him . President
Jimmy Carter wasted no time in tfarirffno to dose the
door: He said he didn’t want the shah playing tennis in the
United States while Americans woe being med in Iran.
Who can blame him? Iran was afl-rich, the biggest
country of the Middle East, ate of many sensitive
listening posts for intelligence on the Soviet Union,
potential guardian of the gates to the Gulf. You can
make the list of good reasons for putting relations with
Iran first as long as you like. Like Carter, the newly
elected Margaret Thatcher of Britain had her reasons.
Bruno Knasky of Austria had his, the French, the Swiss
amt the Germans had theirs. The shah did not get the
picture until he had worn out his welcome in Morocco,
which took about a month. South Africa looked like the
next stop — the only other offer was Paraguay's — until
David Rockefeller and Henry Kissinger squeezed an
invitation from the Bahamas.
But that didn’t last long either- Within two months the
shah moved on to Mexico, where a long-simmering,
erratically treated medical condition took over direction
of what life remained to him. The history of the disease
that killed the shah forms a fascinating coda in Shaw-
cross’ book. The shah did not want for money to pay for
the best medical treatment, but neither life nor death is
simple for kings. Eight separate groups of doctors cared
for the sh a h at one rime or another. All were eminent,
and there's the rub: They resented each other, differed in
diagnosis and treatment, and poisoned the circle of
famil y and courtiers surrounding the shah with conflict-
ing advice. The shah himself was given a vague and
muffled version of his condition until the end.
When the dangw of his condition, and the need for
vigorous medical attention, finally became dear. Presi-
dent Carter relented and granted the shah permission to
eater the United States on Oct. 23, 1979, with notorious
results. Twelve days after his arrival the U.S. Embassy in
Tehran was occupied and its occupants taken prisoner, a
heaven-sent crisis, as Khomeini must have thought,
which gave him a year to consolidate his revolution. The
occupation ended the shah's American sojourn; he was
hustled from New York to Lackland Air Force Base in
Texas and thence to Panama, Mexico having declin ed to
repeat the honor. In March 1980, the shah returned to
Egypt where his spleen was finally removed — too late.
He died in July, conscious of his dignity until the end. He
never understood how it all happened.
Shaweross has written a c ompel l ing, even-handed,
artful book, more like a novel than a history.
Thomas Powers, author of “The Man Who Kept the
Secrets; Richard Helms and the CIA, " is at work on a
history of mid ear weapons. He wrote this for The Washing-
ton Past.
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DENNIS THE MENACE ^
© New York Tones, edited by Eugate MaJesha.
8 Shirley or
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expert him to do tWa-SHAKEUKE JELLY.
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INTERNATIONAL HERALD TRIBUNE* THURSDAY, OCTOBER 6, 1988
Page 17
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SPORTS
...• ■*: v .>- ••••--: v.y- •••:.•.. 4
A’s Edge Red Sox, 2-1, in Opener
7&r Associated Press
BOSTON — Dave Henderson, a
forma- Boston postseason hero,
singled home the lie-breaking run
in the eighth inning as the Oakland
Athletics beat the Boston Red So X
2-1 Wednesday in the first game of
the American League playoffs.
Jose Canseco's home run had
held up since the fourth inning as
Oakland's Dave Stewart and Bos-
ton's Bruce Hurst hooked up in a
pitching duel. But Wade Boggs hit
and kept Boggs to a sacrifice fly. In meals. there's no two ways about caughi
the second. Boggs — a J73 career it." he said. would
hitter with the bases loaded — Dennis Eckersley, another for- *i «
struck out in the same situation, the roer Boston star, finished with two center,
caughi the ball: more likely, it
would have dropped in.
first time he had fanned in 22 life- shutout innings for the Athletics,
time at-bats against Stewart. Eckersley, who won 20 games as a
Boggs ended the game by sink- starter for the Red Sox in 1978. led
ing out with runners on first and the major leagues with 45 saves this
second. season, and Oakland's bullpen had
AL PLAYOFFS: GAME 1
“I take this loss personally/
a run-scoring sacrifice fly in the Boggs said. “I'll take the blame. 1
seventh, setting up Henderson's left five men on.”
heroics on a chilly afternoon at
Fenway Park.
Boggs, who struck out 34 times
tTHWSESTStfl
B.‘?| j°- lhe . ri ? lh . r °i r .?. d ° 1 ‘ bl ' :?n L “ me be had struck out swinging
Henderson grounded the next pitch tWK;e -
into right field for the go-ahead
skirts I go up there and try to hit the
Jr , . . . ball hard," Boggs said. “It doesn't
Henderson, cheered in die pre- w jjo’s on base or how many
me introductions, was Boston s ar „ nn
vior in the 1986 playoffs against D . . . .
lilfomia. His hoSienin rSaZi ¥ ked 10 **«
e Red Sox when they were one third-sinke swings.
ike from elimination in Game 5, "A bad swing.” he said of the
v* ’4ay
Bob Ln(cr/lSe AaeciMBd Pm
a record 64 saves.
Eckersley. who needed only sev-
en pitches, all strikes, to retire the
side in order in the eighth, said he
set Boggs up with a sinker that
Boggs fouled off on 0-Z The next
pitch was “a fastball that jumped."
Boggs swung and missed.
“1 had a good fastball today and
1 threw strikes,” said Eckersley.
”1 was playing him over to left-
center." Henderson said. “I went
over and tried to come in on it. and
that's why 1 slipped. But ! froze the
runner (Kevin Routine) at second
and that was my main objective."
Honeycutt, a' left-hander, took
over to face the left-handed Boggs,
who led the major leagues with a
.366 average- Boggs hit a line drive
to left fidder Tony Phillips, playing
his first game in front of Fenway
Park’s “Green Monster" wall as a
replacement for ailing Dave
Parker, for a lying sacrifice fly.
Hursu chosen to start the opener
over Boston’s other 18-game win-
ner. Clemens, because of a 13-2
“You either get lit up or you strike u?
them rail W h« vrai thmv/«riV« - fec0n ? 31 ® ,VC U P *“ 1
game introductions, was Boston's
savior in the 1986 playoffs against
California. His home run rescued
the Red Sox when they were one
strike from elimination in Game 5.
them out when you throw strikes —
it's as simple as that."
Stewart, a 21-game winner, was
masterful through the middle in-
nings. He retired 10 successive bat-
ters. starting with the strikeout of
complete game. One of the hits was
Canseco's long home run through a
stiff crosswind and over the left-
field wail.
The home run brought cries of
"steroids, steroids." from the fans,
B3 Hnrarfl/Unurn-Ualwl Pm hn cmit ii n l
and Bos Lon rallied to win the series. fireL “A very bad swing." he said of
Oakland's bullpen, which held .. j. . , »
Boston to three runs in 35 innings u 53111 ^ ial Wednesday s
this year, did the job again and hum ^ experience was not un-
Dresnrved the lead Rirk Cvn.r, ^ for a major-league player.
Boggs in the saxmd, and had little
trouble unul the seventh. slugger had bulked up on the drug.
Jim Rice walked with one out. Canseco, who has strongly denied
and Jody Reed was hit by a pitch, using steroids, played back to the
Rich Gedman followed with a line crowd, giving a shrug that implied,
drive to center field and Henderson “Who? Me?"
slipped and fell, but kept it to single “Sometimes 1 just try to hit flv
that loaded the bases. It was doubt- bails here because the wall is so
fu! whether Henderson would have dose." Canseco said later.
OJASH COURSE: Cento fielder John Sbefi^s nialh-imiiiig
throw was a spfit-second late getting to catcher Mike Sdosda, Sieved stewS? dieTSes
allowing Kevin McReynoMs to band home with the deciding nm. loaded and one out in the seventh
relieved Stewart with the bases “As long as you play this game,
loaded and one out in the seventh you're going to have disappoint-
$Iets Score 3 in 9th to Nip Dodgers D oc j org Say Tyson Not Manic-Depressive
t^r «3aoe Ha-oras hriTlismt nmrin m rWtmp f ntlrau- Tlv VlMenm in ttuw Rnil itJvit rtw^niLi w w A
i Buffit
•r-vJ -~-
By Richard Justice
Waddngfon Pott Service
LOS ANGELES — For eight mningy here
Tuesday night, there had been the briffiance of
Orel Herahiser and the improbability of the Los
Angeles Dodgers. There bad been Dwight Goo-
den about to lose a four-hit. 10-strikeout per-
formance. There had been two strikes toward
what would have been the final out.
Then there were the New York Mas.
In a few stunning minutes, there were only
the Mets who, one strike from defeat, rallied to
beat the Dodgers, 3-2, in the opener of the
National League playoffs.
The Dodgers had taken a 24) lead into the
ninth, but Gary Carter's two-run, two-out dou-
ble slipped away from center fielder John Shel-
by nnd finished a stinging rally.
The bit came shortly after Hershiser’s five-
week shutout ended at 67 innings (eight of them
on Tuesday). It came off Jay Howell, who
hadn’t allowed a nm since Aug. 11. It was a
haymaker. The Dodgers entered this best-of-
sevrasmes having lost 10 of II to the Mets and
hoping Hashiser could give them three vic-
i tones. He failed to give than the biggest one.
Said Dave Johnson, the Met manager “I
really fell the Dodgers needed to win the first
game. If we could win with Orel cm the mound,
I thought we could keep our momentum going
from the regular season. If we lost, I thought
we'd be oo equal footing.”
if the Dodgers are not devastated by the loss,
ihq^ll at least remember it They’d prayed to be
in this position, to have a 2-0 nmth-tnning lead
in Game 1 with Hoshiser on the mound.
They’d had only four hits against Gooden and
reliever Randy Myers, but they were an out
away from winning. . .
; Hershiser had done it to the Giants and
Astros, to the Padres and Reds. For five weeks,
the game had been his showcase, the mound his
FOOTBALL
National Football League Leaders
stage. He was brilliant again in Game 1, allow-
ing only two Mets to reach scoring position
through eight innings. He was awash in the
tension and emotion of the playoffs, yet he was
not only surviving but thriving.
The beginning of the end came when rookie
Gregg Jefferies led off the ninth with his third
NL RLAYQFTS: GAME I
single of the night. He went to second when
Koth Hernandez pulled a hard grounder to
first baseman Tracy Woodson.
Darryl Strawberry then ended the streak by
doubling to right Jefferies came home. “Thai
changed everything." said Carter. “When you
have a guy who has thrown 67 shutout innmgs
you think you're never going to score against
him. When we did, we frn we were bade in iL”
Manager Tommy Lasarda said that pulling
Herahiser was an easy derision. “I thought it was
time," he said. “They hit some balls hard. He got
a couple of curvebaDs up to Strawboxy.”
As Hershiser walked riff the mound to a stand-
ing ovation, Howell walked in from the bullpen.
The Hershisher streak had gotten the headlines,
but Howell bad won some i m portant gamgc and
bad been nearly perfect in his last 18 innings.
With a 2-1 lead to protect, he walked Kevin
McReynoWs. He struck out Howard Johnson,
then got in front of Carter with two curvebalk
When the Dodgers dissect this soies. they may
fault Howell, a firebaHer who was beaten with
his second-best pitch. Carter looped a third
curvebafl into nente^ Shelby sprinted, leaned^
caught the bah, stumbled and lost iL
The Mets won in their final at-bat for die 20th
time in 1988. But until that the game had be-
longed to Los Angeles. Gooden had risen to (he
occasion, but the Dodgsrs scratched out a first-
inning run when Steve Saz singled, stole second
and scored on Mike Marshall's single. They
added to it in the seventh when Sdosda doubled
and Alfredo Griffin (lotting .199) rinded.
Bui they finally got nothing out of it, and in
Wednesday’s Game 2 they were to face 20-
game winner David Cone. “It makes it very
and I missed »t I wasn’t fooled by it I thought I
had a good chance. That’s why I dove."
Shelby recovered and threw home, but
McReynolds banged into catcher Mike Sdosda
a second before the ball arrived.
BASEBALL
is not going out there,” Strawberry said. “We
have David Cone, and we have to fed good
about that”
Hershiser’s streak probably should have end-
ed in the third, but New York’s third-base
coach, Sam Feriazzo, hdd Carter at third on a
single by Mookie Wilson.
The Mets came dose a gain in ihe sixth when
Jefferies delivered a two-out single and went to
third on a single by Hernandez. But they stayed
pul as Strawberry hit a roller to Franklin
Stubbs at fnsL
Otherwise, Hershiser was masterful retiring
the ade in order in the second, fourth, fifth and
seventh mning g.
“No matter what, FH just go forward from
here,” he said. “I threw the rail better in the
later innings. I was fortunate early in the game,
and they were fortunate later in the game. Right
now, the guys are down, but I don’t think it’ll
have an effect an tomorrow.”
Meanwhile, Gooden was at his best In the
third, with runners at first and second, he
struck out Stobbs, Kirk Gibson and Marshall in
order. That was the bcgintmig of a stretch when
13 Dodgers came to the plate and nine of them
Said Shelby. “It felt like it Toil off my $ove 13 Dodgers came to the plate i
ud I missed »t I wasn’t fooled by it I thought I walked back, bats in band,
ad a good chance. That’s why I dove.” “He was great,” Johnson sai
“He was great,” Johnson said. “But 1988 has
been that kmd of year. We’ve been coming from
behind so many times that yon just keep wait-
ing for that kmd of thing to happen.”
By Phil Berger
N ew York Tima Service
NEW YORK — Mike Tyson
received a second opinion on his
psychiatric state Tuesday, and ac-
cording to Dr. Abraham Hal pern,
the world heavyweight champion
is not a manic-depressive.
“I saw Mr. Tyson and, from a
clinical standpoint he showed no
signs of a major mental disor-
der,” said Halpem, the chairman
of United Hospital in Port Ches-
ter, New York, and a clinical pro-
fessor of psychiatry at New York
Medical College. “Certainly
there’s no sign of a manic-depre&-
ave condition or psychosis.”
Halpem said that after exam-
ining Tyson, he spoke fra more
than an hoar to Dr. Henry
McCurtis of Harlem Hospital.
McCurtis lad examined Tyson
last mouth at the request or Ty-
son’s wife, actress Room Givens,
and her mother, Ruth Roper.
Givens and Roper have said
that McCurtis was treating Tyson
for a manic-depressive condition.
But Halpem raid that McCurtis
“does snare the view that with
Mike Tyson, we're not dealing
with a manic-depressive or psy-
chosis."
“Dr. McCortis spoke of a
mood regulatory disturbance
when we talked,” said Halpem.
"And that’s a far ay from a ma-
jor mental Alness such as mamc-
In an interview aired Friday on
ABC-TVs “20-20,” Gwens said:
“Michael is a manic-depressive.
He is. That’s just a fact-”
Halpem’s session with Tyson,
which the physician said lasted
about an hour, took place in the
office of BiQ Cayton, Tyson’s
Halpera’s finding cleared the
way fra Tyson to defend his title
against Frank Bruno in London
on Dec. 17. Cayton said he had
relayed Halpera’s opinion to Josfe
Sulmman, president of the World
Boxing Council, which has sanc-
tioning power over the Tyson-
Brano match.
“I told him," Cayton said.
“that Tyson's neurologisL Dr.
Carolyn Britton, and Dr. Halpem
both had given Mike a dean bill
of health, and JosA agreed that
the fight would be sanctioned.
More important, Mike is eager
for the fight"
Cayton said Tyson plans to be-
an training Monday m Catskill,
New York.
Britton had attended Tyson at
Columbia- Presbyterian Medical
Center in New York after be suf-
fered a concussion in an auiomo-
b2e accident in Calskfll on SepL 4.
Tuesday was the second day in
a row Tyson bad tamed op at
Cayton’s office, an apparent sign
of renewed trust in his manager,
SOCCER
Playoffs: Game 1 Boxes
NATIONAL CONFERENCE
AMERICAN LEAGUE
Ht-riin
Feme
Yort*
Rusb
Past
TEAM OFFENSE
Tarts
Rusk
Pass
OAKLAND
BOSTON
ahrhbi
abrhM
2029
723
1304
San Francisco
3064
824
1340
Lansfrd 3b
4 110 Boggs 3D
4 0 11
1834
692
1142
Phoenix
2058
BSD
1308
Hendnn cf
4 0 2 1 Barrett 2b
4 0 0 0
1717
648
1049
Dallas
1912
715
1197
Canseco rt
4 111 Evans rt
4 0 10
1611
495
1116
Washington
1865
504
13S9
MoGwIr 1b
4 00 0 Graenwl H
3 000
1607
532
1079
Minnesota
1836
570
1244
Steinbcb c
2 0 10 Bnznar 1b
4 00 0
1534
STS
1021
Now Orleans
1780
660
1120
Hussey c
1 0 0 0 Bulks cJ
4 00 0
1531
458
1073
Chicago
1769
■91
878
Baylor dh
3 0 0 0 Rice Hi
3 0 10
1514
407
1109
PhUodefetWo
1763
681
1082
Potanla pr
0 0 0 0 Romine pr
0 10 0
1512
491
821
Atlanta
1722
776
956
PMIItoe W
3 0 0 0 Porrtsh oh
1 BOB
1698
439
1059
Rums
1640
667
973
GOitego 3b
4 0 0 8 Reed as
20 10
1363
434
TO
Tanwa Bay
1590
482
1100
Wetsa. ss
3 0 10 Gedman c
3 03 0
1307
463
644
Gram Bm
M46
321
1125
Romero or
a o oo
1303
4SS
■45
Glams
1432
449
«J
Totals
33 2 4 2 Totals
31 1 6 1
1237
588
649
Detroll
1192
393
799
Oakland
Boston
M0 100 10-3 < 0
080 M 108-1 4 1
Cincinnati 8» 7U IW W
Jet* ISM 691 1142 Photnta
Denver 1717 648 104* Oo»ta*
Raiders 1411 4M 1114 ***"*»
PltbtKiryh 1407 532 1075 Minnesota
Cleveland 1534 515 1021 Ortear
Kansas City 1531 450 1073 Cfiicaw
Miami 1514 407 1109 PhHodetoN
Houston 1512 491 821 AUarta
Buffalo 1498 439 1659 toms
Seattle 1343 434 7» Tainaa Bai
fnd tampons 1307 MS 64* Bn** Bw
New England 13*3 4S8 845 Want*
San Dtosa 1237 588 449 Detrell
TEAM DEFENSE
Yorfls Rusk Pass
1370 4» 895 OllcOW
.'Cleveland 1409 444 745 AUrmeeqta
•’ New Ena land 1443 417 824 WtaWnatoe
Houston U73 519 «S« Sai Frond
Denver 1507 589 «B »«w OrJea
Sot DUeo 1441 404 1035 Gown Bov
Indianapolis 1450 <04 1044 DdlhM
EUROPEAN CUP WINNERS’ CUP
{Flrtt Raand. Second ml
EhntrocM Frankfurt L Grasshoouer* Zu-
rich 0; Frankfurt advance* on Uawnsate.
Bekeoaaba l.SaknrvasnrO: Sakacvasaar
advanc e * on 3-1 C99HB M* .
SnodetsS. infer Bratislava 0; Sradets ad-
vances an B -2 aaoraoato.
Lech Poznan I, FkimurtarJ Vloro 0; Lech
Poznan adv anc e * on 4-2 oograaohs.
Guhnanmi.RodaJCO; Rata JC advances
on 3-1 osmgatt
EUROPEAN CHAMPIONS CUP
(PM Romd. Second Lea)
Monaco Z voiur Reykiavlk 0; Monaco ad-
vances an 3-1 aaoreoate.
Asked why Tyson would have
been taking Gtninm as a treat-
ment if he were not manic-de-
pressive, Halpem said McCurtis
told him that “it was offered as a
trial to stabilize Tyson’s moods.”
“Getting his information from
Mrs. Tyson and her mother, h led
him to feel Mike Tyson was kind
of volatile,” Halpem said.
McCurtis, who has not spoken
publicly about the case, was un-
available (or comment Tuesday.
Mike Tyson and Ms wife, the actress Robin Givens.
with whom he and his wife and
mother-in-law have been bicker-
ing since March.
What the apparent peace with
Cayton says about his marriage
to Givens, a bitter enemy of Cay- ;
ton's, remains to be seen, as does
the future role that Roper will j
have in Tyson's career.
From the time her daughter
married Tyson, Roper has dqiict- i
ed herself as a surrogate mother to
the champion but has incicteri she
has little or no interest in bring the
power behind the throne.
But in March, when a breach
began to develop between Cayton i
and Givens, Roper said, “If I'm 1
not involved, Michael doesn’t
fight-"
This summer, before Tyson
signed to box Bruno, real estate
developer Donald Tramp, who is
an adviser to the champion, at-
tempted to get Seth Abraham of 1
Home Box Office, which has a
multifight contract with Tyson,
to deal with Roper instead of
Cayton. Abraham, who had made
Ins deal with Cayton, declined,
“Every discussion about Mike
Tyson from a business standpoint
has been with Bill Cayton,”
Abraham said.
As Tyson has severed his conne-
tioDs with longtime friends and
associates, ithas often appeared to
be because they have suffered the
displeasured Givens or Roper.
Neither Roper nor Givens,
who left the Tysons' Bemards-
villc, New Jersey, home after an
outburst by Tyson on Sunday, are
returning phone calls.
The complications that have at-
tended Tyson's career since Roper
and Givens became involved with
tom have raised questions about
the motives of Tyson's mother-in-
law, who, Givens said in the “20-
20” interview with Barbara Wal-
ters, came to her marriage as port
of the “package.”
Gretzky Trade Shifts the NHL’s Balance of Power
The Associated Press
NEW YORK — The first and
Kama* City
Buffalo
Miami
Seattle
Cincinnati
Raiders
Pittsburgh
TEAM DEFENSE
Pm* Tart* Rasta Pan
895 Chlcoao 1M2 314 848
745 Minnesota T3H <05 871
824 Wtnhkwton 1444 488 957
954 Sai Franctseo U71 533 938
9 TB Hew Orleans M fU W7
Has Green Bov 1434 687 949
1046 DM las 1648 572 1876
1733 805 m PWlaOetatita 1644 431 T533
1729 607 1122 RamS 17BV 523 11 86
1741 715 1034 ■ Atlanta T730 739 991
1790 464 1124 Detroit 1730 744 986
1835 445 1190 Phoenix 1741 594 1147
1874 760 1116 Tampa Bay 1798 57S 1228
Came-WtMiaa RBI: Hender so n 11)
DP: Oakland I, Boston 1. LOB: Oakland 6.
Boston 9. SB : Wete. Evans. Lansford, Reed.
HR; Canseco ii). SF: Boses
IP H RBRB8SO
Oakland
Stewart 61-3 5 I I 3 6
Homvctl W 1-0 02-3 0 0 0 0 0
Eckentev S. 1 3 T 0 0 1 3
Boston
Hurs) L 0-1 9 62237
MBP: Reed by Stewart. PB: SteMnctL
NATIONAL LEAGUE
NEW YORK LOS ANGELES
Gatatasorpy z RapM we ana 2 - 0 : Gaiato- last word about the National Hock-
^steouo Bucharest z'soarfa’fttiaue 2 ; League season that starts Thurs-
stecmo Buchoratf adwnceson7-Jm>ariiopt e . day has to be: Gretzky.
Six teams have new coaches;
HJK Helsinki 2, Porto 0; Porto advances ai fo^dozen playCTS WttB traded; the
3-2 awnoate. NHL sumed new contracts with
INDIVIDUAL
INDIVIDUAL
QaarteriwcBa
Eskaofb Cbv
O'Brien. Jets
fieuertein. Raiders
DeBenu KX.
Marino. Mta.
Keilv. Bu«.
Pooei. Clew,
krteo. 50 a
Briefer. PIN.
Etwav. Den.
ATI Can YdsTD int
An Com Yds TD |gt
134
81 1373 12
3
Everett. Rams
134
88 1039 10
2
171
105 1191
5
3
Montana. SJ*.
148
94 1134 10
5
91
42 475
5
3
Lomax. Pha*.
138
87 1142
7
4
145
80 1076
■
6
Cunti techum, PWL
144
84 TI29
S
3
161
95 IMS
7
6
Hebert. KLO.
155
98 1181
9
5
157
93 1164
2
6
Pel leer, DaD.
158
94 1213
7
7
T26
69 713
3
3
McMahan, CM.
114
73 848
4
5
70
37 416
3
3
5bnms. Giants
179
99 1151
6
4
135
66 1065
5
7
awniianw, wash.
135
46 860
4
3
M2
84 11S
9
9
Long, Oct.
121
<7 794
6
S
Wilson cf
Myers P
JeHerts 3b
Hrandz lb
Stnwbry rf
McRvtd* if
Johnson &s
Ulster sa
Carter e
Bckmn 2b
Gooden o
Dvksfra cf
Dickerson. Ind.
Denetl. Den.
Warner, Sea.
AMonon. S.D.
AMen. Rowers
0^
"Wm'’
Shutor Jets M 383 118 24 0 Grata. S.F.(RB)
Swi Bvft 28 359 12* 30 0 Jaefcson. PWL
palmer. KX.IR81 24 330 118 171 3 Manusl, Gtanfi
Toon. Jets J2 M2 HO 24 0 Somwrti Wash.
SeertaB {ToocMdwm) Sew
TO Rash Roc Ret Ks
Alta , Ranters * ® ] J “ ZtTF
Plnfcetl.Mou. ‘ \
uifnrmr SfiO 5 4 10 30 WflEAt-
ESer/pitt.' 1 4 0 0 34 MM, OIL
tSE^R«« 4 8 3 1 34 HHLNA
• Kerlne (IMUbBJ *
PAT FB LflPt*
Norwood, fluff. S- S U-14 49 <7
rnriic. oen. ID- JO 10-13 51 40 Gofer, S.F-
Allen. Raider*
Pinketl. Hou.
Warner. Sea.
Bfbicr, Pl»».
T .Brown. RotaHV
Norwood, fluff.
Kurils, Den-
B o«r, Ciev.
AMWvon, PW-
BJosucci. tad.
Oanrtienn, Wash.
TMlsdilk. PWL
Scribner. Mina
Blosucci. tad 7-7 Ml 53 M Jwrfwlta. 7.B
Pontart
NO Yds LB AW _
mmiciaImiIui. SJ3. S7 1299 42 At Bomtianft, Wa
SESSl 34 1200 65 462 Arnold M.
5551. Sd 23 1Q55 70 419 Buford, Glanh
„ JT B . M 19 847 62 446 TensGlIb. PhD.
SKS » «!- « « Salbner, Mlim
PHt R e hime ro
i ' . NO Tdt Ave LB TD
li&erdla Ind. 9 W ™ 1
in 10 IK l!5 41 0 SikOnemo. pno
i Jet* M 183 123 31 ® Woflkw Ot4L
SZTil? S «S 24 8
Xldcoft Reioniers *
NO TO* AW LB TD
T.erawn. Raiders 11 329 VS m I 2
Homonerv, jets 7 m ** * °
Martin. N.E. 9 313 23 a « 0
AJUUlisr, S.D. 10 134 B34 64 0 OrtV, H.O.
RtoHrs irasoer* Totals 3
AM Yds Ave LGTD Alt YtaAvo LGTD New York
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s ' a *®MM haw new coaches;
HJK Hotslnkl 2. Porto 0: Porto odwoncesai fora do^ plflyOT WHC traded; the
Kawragate. NHL signed as w contracts with
lyg ”* a "eel MQdrid 1,- Reel ad- cable tefevisun and referees. 5m
vances an 441 amwlt .
UEFA CUP. *"
fFIrst Round Secoad Leg) NHL PREVIEW
Ulaest DassaL Akranesl; Uloest Dazsa ^ ^
advance* oa 2-1 oMresate. no aff-sea$on ch imp p cUU rhalTftnpi*
the trade of Gretzky
Dunalska stredaA Oeetere VaexlaO; Dun- the .Edition ton Oilers tO the Los
alska StreOa odvanras an M miwb AnEeles Kings.
Leak) Warsaw 3. Bavera Munfeli 7; Bayern p-- „ .. ^ .
Munich advances an 10-4 ogwaato. The Kings , Who flil but gave the
DukiaPnBtwXRaal5ocieckid2;4-4eBoro, shirts off that huriks far him litrr-
pata. Ro M ckMw » on Q9iu»E0ai8 nde. gfly changed their shirts when
Dinamo Zooreb Z Besf Idas 01 Dinamo ad- . . . .
vances an 2-1 aoereoate Gretzky, switching to new bJflck-
scoring. They’re also one of the
biggest, toughest teams in the
league.
Gretzky joins another potent of-
fensive team that ind u e s high-
scoring Lac Robhaflte — but L«
Angdes also lacks defense aid
gnat tending. Still, the Kmgg should
be in the playoffs again, along with
Winnipeg, thanks to the poor-rela-
tive Vancouver Carmcks.
Detroit, led by Steve Yzerman,
figures to repeat as Norris Division
champion. The Red Wings were the
only team last year to win both a
regular-season and playoff title in Gccsrefii and Neal Broistv are
their division, and they gave the among the most gifted North Stars,
Oilers fits in the conference fi n als, who underwent a big chang e in
O cago boasts one of the best management with a new general
centers m the league in Denis Sa-
vard and one of the league’s top
coaches in MDtc Keenan; he should
m anag e r in Jack Ferreira and coa-
ch in Pierre Page. The best of the
Maple Leafs is Wendel Clark, but
whip the Blackhawks into a better Toronto has a lot of problems in
team than finished third last year, the front office from owner Harold
St Louis, Minnesota and Toron- Ballard on down,
to will fight fra the last two Norris Montreal and Boston will again
playoff spots in the Norris. The fight it out atop the Adams Drvi-
Bhus added forward Mike Bullard sion of the Wales Conference. Led
(49 goals and added S3 assists last by all-star defenseman Ray Bora-
year) in a deal with Calgary. Dino que, the hard-nosed Bruins have a
nice mix of veterans and young
payers who developed in the plfly-
offs. The Canadiens still have many
of the players who helped them win
__ » r o d* league title three years ago, in-
smi to lour U.S. dl ^ R °y
and Stephane Richer, who scored
nion’s gold-medal basketball team 50 goals last year.
. college teams next month. Buffalo, Hartford and Quebec
ria, 7b-63. for the Olympic title, will finished in just that order last sea-
of Washington. “It will be their son, and there’s no reason to think
rill have all of the players on it who they won’t again. The key man for
ington coach’s Andy Russo. “They the Sabres, who have developed
^ but it will be their best players,’' strongly under Ted Sator, could be
ps at Nevada-Las Vegas on Nov. 9; Ray Sheppard (38 goals last year).
yv. 12; North Carolina State, Nov. The Whalers again will count on
lev. 17; Kansas, Nov. 19; Tennesse, Syhrain Turgeon for leadership and
22 Mike Uut for goal tending. Peter
DinofnoZwrabZBtaJktasO; Dinamo oa- ““““ .7“T
vances an 2-1 aosroaate Gretzky, switching tO new Uflck-
KatawfcE Z Glasgow Rangers 4j Gksaow and-Wbtte imifonns tO show off
odvonces on M oggregote. ,h«- r --o,
BASEBALL
Au mlc m Ho w
BALTIMORE — Homed Col Ripken Sr.
tMrri-boMCDodwToniMcCroHi NHIna coach.
their new star.
And the truest sign of Grefak^s SEATTLE (UPI) — The Soviet Union’s gold-medal basketball team
enormous ^ talcn [is that his ttade win nlav a 1 0-game tocr against U^. college teams next month.
uFects not lasttjw Cwas and the goriets, wbo defeated Yugoslavia, 76-63. for the Olympic tide, will
™ powcr ^ open Nov. 5 against the University of Washington. “It win be their
it-, vi natiotal team, but Tm not sure if it will have all of the players on it who
Gretzky wm mate the King bet- pjay^ ^ ^ CMynqrics,” said Washington coach’s Andy Russo. “They
may phase some of them out by then, but it will be their best players."
obabry wont be a Tbe rest of the tour wil] include stops at Nevada-Las Vegas on Nov. 9;
j Illinois, Nov. 10; North Carohna, Nov. 12; North Carolina State, Nov.
ind Calgary stiU rae \ 4 - Ohio Stale, Nov. 15; VandeririK, Nov. 17; Kansas, Nov, 19; Tennesse,
ZflFlZfrUZX Nov, 21; and Oklahoma State, Nov. 21
Soviet Basketball Team to Tour U.S.
Al Jackson Bftcttfno cooefi and JahimvOatM tCT both On the ice and &1
t, * 10-11 47 36 LattstartL Ram*
1DU Ml 49 34 Davfe, AtL
DeJoina Roms
EMar, TJ.
Grata. Ram*
Gray, N.O.
Lh AageteS «* 088 100-3 4 0
BaataVmatag RBI: Carter ID.
E: Bode man DP: LasAn08ta2.LOB: Now
You* i Los AteMdeoASB: 5chnda.Unnoer-
rv. Carter. SB: to tl). Sac: Backmon.
IP N 8BK1BSO
New York
Gooden 7 4 2 2 1 10
HIP: to by Gwthn.
Playoff Schedule
AMERICAN LEAGUE
Oct. 5: Oakland a. BoNon 1
Q«t. ii Oakland at Boston
OcL I: Boston at Oakland
OcL 9z Bacttn at Oakland
x-OcL M: Boston at Oakland
xAKt. 12; Oakland at Boston
x-ocL 13: Oakland at Boston
NATIONAL LEAGUE
OcfL 4: New York X Los Arndts 2
OCL 5; NOW York at Las Anodes
Oct 7: Las Annies at Nn* York
Oct. I; Angeles at New York
■•Oct. 9: Las Angeles at now York
x-Ocl n: New York at Las Angeles
x-0 a. 12: New York at Las Angelas
WORLD SERIES
oa. U: American at National
OCL 16; American of NoMenal
Ocl IS: National at American
Oct If- National at American
ifrOcL »: NoNaaal at American
jcOct. zi: American at Nattoaal
>-Oa. ztz American at Natwngl
IX-ff DKNHri)
“"gvowdx. office, but probably won’t be a
TORONTO - ft o M fed Jlmv WIHkons. man-
ager. tor (tie 1989 seasaa . « . _
National Lacme Edmonton and Calgary still are
PITTSB URGH— Fired Svd Thrift, genarel wym tel an the riaw tnimt the
"sAku=BANCi 5 cct— AiMBunccd that Jose Smyth e Division of the Campbell
Morales, batting coadi. wfB not be rrtotaed; CtHlference. In tnC last DYC years,
nomad Dusty Baker batting eooch, Wendell (he Oilers have won fora StaulfiV
Kim Hr*) base coach and Gartv MacKenzia n ..j pi. nrt r r /
manager at Phoenix of the Pacific Coast L^AlpS, and Ule. blamCS WCTC UHah StS
Leawe. the other year.
basketball Even vith Gretzky gone, EdhnoB*
GO LDENSTAT&-teDedM^rade Souza Still hSS aWCSOmC SCO ring
Bvont to a on»<vear controcL pUSCQ — and the best EOaltOlderiD
the league in Grant Fnhr. Jimmy
SSSSJk Cuson, a 50*oal soort who was
football one of the players acquired in Ihe
uattaoi Pamon Leap* Gretzky dcaL will join die steHcr
M«k Ifam Jhji
on toiurad raitrva Kum, Glenn Anderson, Craig
indianapous— T raded non sou, guard. ShnpsoQ and Kevin Lowe as the
MaxdooiforU.drfifthte.g®
•AY. GtAHTS— Waived Groa Lasker, sole- title m SEC years,
tv. Stoned Neal GuagamM. solely- fMornmnlH «*T1 rvvwrt oe mm.
PHOENlx—AmmuneKi (hot Lorrv WIWM, .
aenerai motmur. dat gt*g been named a lar-seaSOIl divisional Champion,
via nrmumL Last year, tbe Flames fwnshwi with
^ittsburgh— waived tthw Ynvno. ttsiii the league’s best regular-season re-
Nov, 21 ; and Oklahoma State, Nov. 22. Mike Lmi for goal tending. Peter
• n 1 n o i* Stastny is the bag gun fra the Nor-
Mlanu Voters Spurn baseball stadium d ^ eDergence ^ ^ Jereey
MIAMI (AP) — On the opening night of ihe major league baseball and the possibilities in PSttshagfa
avoffs. voters here voted against paying for a professional baseball have further tightened up the Pat-
playoffs, voters here voted against paying for a professional baseball
stadium. An 380 million dry bond referendum was defeated Tuesday
with nearly 69 percent opposed. With all 504 precincts reporting, tbe
measure was opposed by 14,105 voters to 6351 m favor.
Approval would have cost the average homeowner about $68 more in
Mnnal property taxes. Tbe stadimn would have been bmh only if Miami
acquired a major league team.
The city commission vexed in July to rolace the bond issue on the ballot.
The push to build a 40,000* to M), 000-seat stadium sparked a battle
between city officials and Joe Robbie, owner of (be Miami Dolphins
football team, who said his stadimn in Dade County coold accomroodaie
lag-league baseball should the city be granted an expand an franchise.
lar-season divisiona
Last year, tbe Flames
Quotable
have further tightened up the Pat-
rick Division. Last year, the New
York .Islanders won the regular-sea-
son title, but oily seven points ss>-
arated the first-place team from the
last in the league’s most ex citing
divisional race. -
The Patrick has top goal tenders
— Ron Hextall at Philadelphia,
Sean Burke at New Jersey, Kelly
Hinder and Billy Smith with the
New York Islanders, John Van-
biesbrocck and Bob Froese with
the New York Rangers and CXim
M alarch u k and Pete Peelers in
Washington.
The Penguins have two of the
Fi™uRlL-«ww«iTtaa,va Ufl a.iw,i Last year, the Flames fimsheti with • Dallas Green, the reported heir to IxjoPinjella as New York Yankee Washington.
^riTTssuRGH— wgiwed ttbo ysubb. tw .1 ^ league’s best regular-season re- manager, about owner George SleinbremJen “He’s a tough man to live The penguins have two of (he
ta«pa bay— R c-xjgncd Pete Ndorkm. cord Wrae Edmcntcn knocked with mid a tough man to wore for. He speaks his mind, even if at times league's premier talents in center
Mfiodta. wwvwi Ke«in TBaiwa. center, than o« <rf the playoffs in a sum- he’s not lactfuL Josi like me. I guess we d get along." (LA 7) Mario Lemieux, the NHL’s most
Mg four-game sweep. lAe the • Martina Navratilova, who m 198B did not win a Grand Slam t mnis valuable player last year, and de-
Hartford— sew Lindsay coraon. left OQcts, the Flames can scrae goals event for the first time since 1980; “If this year were a fish, Fd throw it fenseman Paul Coffey. Guy La-
>vtaB. n na cne rha Baura i^ on d Lorry Trad- by the netfiiL Last year, with Ha- back." (AP) fleuT, the hall of famer who came
^orio^^tamnoiuxntM at h» * n<ri- kaan Lool^ JoCT_Mnlkn and rookie ^ • American Dermis KratowskLafto- winning an OIyn#:bron«medm oat of retirement to give hockey
Minnesota— Aunae to torina wtth Dine sensation Joe Nieawendyk leading m Greco-jRoman wrestling: “If you shoot for ihe moon maybe you’ll only another shot, hopes to give the
occareiu. new «4m. the way, they topped the NHL in get to the street lamp, but at least you got off the ground.^ (LAT) Rangers a shot in the arm.
i
Page 18
INTERNATIONAL HERALD TRIBUNE, THURSDAY, OCTOBER 6, 1988
ART BUCHWALD
Campaign One-Liners
W ASHINGTON — In order to
keep up with the election
scene, you have lo be able lo say
something intelligent so that peo-
ple are aw are of your knowledge of
presidential politics. Here are a few
things you can mutter to impress
friends and strangers alike:
“My puppy and Danny Quayle
play together in the same park,”
“The tiring I admire the most
about George Bush is that he was
outside the loop
when President
“Michael Du-
kakis always
looks as if he has
just eaten airline
food”
“If Beotsen
loses he's going
to become a
card-carrying _ Buchwald
member of American Express.”
“The fact that George Bush's fa-
ther stole Geronimo's skull whoa
he was a member of the Yale Skull
and Bones Fraternity doesn't mean
that the vice president won’t cany
oat the laws of the land.”
□
“J would rather have a vice presi-
dent who looked like Robert Red-
ford than someone who looked like
Karl Malden."
“Mike Dukakis doesn't just have
a stiff upper lip — he’s stiff aB
over.”
“Bentsen is the sole candidate in
Book Fair Opens
In Frankfurt
Reuters
FRANKFURT — The world’s
largest book fair opened Tuesday
with a record 8.000 publishing
companies seeking ways to sell
340,000 titles, old and new.
The Frankfurt book fair, begun
by a group of publishers in a
church 40 years ago. now attracts
representatives from 95 countries
from Albania to Zimbabwe. The
event runs until Ocl 10.
Italy is a central theme for this
year’s fair, with 3,000 Italian books
and 3,500 books about Italy on
display. Author Umberto Eco of
Italy and his new novel “0 Pen-
dulo di Foucault” (“Foucault’s
Pendulum”) attracted the strongest
interest as the fair began.
this election who keeps showing up
on the sides of milk canons as a
missing person."
“I wish the ticket was Quayle
and Bentsen. That way I would
have no problem deciding which
one I wanted to debate Raisa Gor-
bachev.”
“People should get off George
Bush's back because his friend
Noriega didn't go to Vietnam. Any-
one who served in the Panama Na-
tional Guard was no draft dodger.”
“I think if Bush becomes presi-
dent and pardons OUie North, he
should also pardon the person who
came up with the idea of naming
Dan Quayle as his running mate.”
“Each time Dukakis comes up
with a health-care plan, the defiat
gets sick.”
□
“Somebody told me that if Dan
Quayle is elected, he’s going to
make it possible for every man and
woman m this country to get into
law school — on a minority pro-
gram.”
“The reason you haven’t heard
from Bentsen is that he’s been driv-
ing cattle across Texas Bum Ama-
rillo to Houston."
“The ooly purpose in giving
money to your party is so that it
will be used to buy dirty, sleazy TV
commercials to educate the Ameri-
can people.”
“I’d rather have Dan Quayle's
finger on (he nudear button than a
lot of the teen-age kids in our
neighborhood.”
“My brother is a podiatrist, and
he says that the reason Dukakis
doesn't smile when be is sitting
down is because his feet won’t
touch tire floor.”
“If Bentsen ever got a sound bite
on the evening news, he wouldn’t
know what to do with it.”
“I’m sick and tired of jokes
about Bush and Pearl Harbor.
Bush was trying to say that what
makes this country great is the fact
we can observ e a day of infamy any
time we want to.”
□
“1 heard that Betsy Ross burned
three American flags before she got
it right."
“If I was Dan Quayle and I was
running for vice president of the
United Stales, I wouldn't answer
any questions either."
“The wonderful thing about de-
bates is that nobody has to teD the
truth as long as the red light at the
top of the camera is on.”
Perlman Fiddles
With Success
By K. Robert Schwarz
Sew York Times Service
N EW YORK — Common wisdom
holds that Itzhak Perlman is at the top
of his profession, and, despite occasional
complaints from music critics, few musi-
cians would argue with that assumption.
But the 43-year-old violinist seems both-
ered by the idea that he may indeed be at
the top of his trade.
“It’s really not very healthy to think
about it,” he says. “If I start saying T m at
the top,' then I might as well quit, because
where can I go from there?
“What I dunk about is that 1 have a
responsibility to keep on growing musical-
ly, and not fall into the trap of saying,
“Well, this works, and I might as well just
keep making a Xerox of myself.' ”
There is no question that Perlman is the
best-known and most popular violinist of
bis generation. Yet one wonders bow it is
possible for him to maintain bis spontane-
ity, considering the pressures of schedul-
ing. repertory and merchandising.
Such questions become particularly in-
triguing when one glances at Perlman's
1988-89 concert schedule. Recitals make
up a large percentage of his co mmi tments,
and allow bum a certain latitude in pro-
grams. Yet in an interview in his Manhat-
tan apartment, he was quick to concede
that his dozens of concerto appearances
recycle the same handful of works.
“I’m quite lucky that I’ve never been
associated with one piece in particular, so
sometimes I get a rest from certain pieces,
and afterward they come back fresh,” Perl-
man says. “The trap that one can fall into is
the jack of asking questions, when you put
yourself on automatic and you start to play
like you’ve played before. That’s one of the
dangers, and ft is a result of not listening
well to oneself, of not asking, ‘is it sound-
ing the way I want it to sound?’
“This s umm er I played seven Beetho-
vens. and each performance was different
Granted, there are not many pieces you can
say that about but in the Beethoven there’s
no such thing as having to search for spon-
taneity and freshness. Just listen to the
music and you find it"
Perlman admits there is an urgent need
to enlarge the repertory, but says that his
hands are tied by the tastes of audiences,
conductors and orchestra managers.
“Out of my list of 15 concertos, only
maybe five are often asked," he says. “That
is simply a question of economics ....
Unless you have a music director who is
making his own programs and who says. T
would like you to play the Berg Concerto,'
you don’t get asked to do that.”
Yet he keeps trying to enlarge this reper-
tory. “I'm always in the process of learning
new things, like the Walton Concerto, or
lhe Barber. Elgar was a fairly late entry
into my repertory', buz not a lot of people
ask for iL unless you play in England.''
With brand-new concertos, the situa-
tion. of course, is far worse. But Perlman
has given premieres of concertos by Earl
Kim and Robert Surer, and has asked Kim
to compose a new redial piece. And a more
grandiose plan is being considered. “Right
now I'm thinking of commissioning a con-
certo. It’s just a question of deeding on
somebody. But I'm very much aware erf the
need to do this.”
In the meantime, he must look to other
avenues lo inject variety into his musical
life. One route is offered by recitals, which
by their nature offer more flexible reper-
tory opportunities.
. “A concerto is like a golf shot: You
prepare and prepare and then it's one shot
and that’s iL But a recital is tike a tennis
game: You plav the game, and you may
miss a point, but then you can get the
point and go to deuce, and ultimately win.
So it's a different kind of experience, be-
cause you have more of a chance to develop
the program material.”
Undoubtedly, the most intellectually
challenging performance experience is that
offered by chamber music. Violinists such
as Jascha Heifetz and Isaac Stern turned to
chamber music later in their careen, per-
haps hoping to recapture a freshness and
collaborative spark. But Perlman’s 1988-89
schedule includes virtually no c ham ber
music, which he says disturbs him.
“I certainly miss it, 1 can tell you that I
believe that next season well do some
Beethoven trios with Pinchas Zukerma a
and Lynn Harrell and that was exactly a
result of saying to myself, ‘what’s going’ on
here?* The problem is very serious, one of
scheduling in the jet age. To do chamber
music one cannot just say. ‘let’s get togeth-
er and play.' When you play chamber mu-
sic for the public, it’s ‘let’s get together and
rehearse.’ And when you talk about string
quartets, it’s like having to live with people
for a year!”
If enlarging the repertory* increasing the
number of recitals, and insisting on cham-
ber-music opportunities are all ways of
expanding what might threaten to become
a routine musical diet, one other aveaue
would promise even more variety — the
path of the conductor. Violinists such as
Zukerman and Yehudi Menuhin have vir-
tually built second careers as conductors.
Yet here Perlman draws the line.
“It's a question of the quality of what
you want to do. I feel the focus is much
better when you do one tiling. The minute
Pertoan: Td like to continue the way fm continuing and not stop musically.*
you start doing something else, you divide
the focus in two. and I don’t feel I can do
that. At one point, I got the musical seven-
year itch — you know, after you play seven
years, you. want to conduct But now I feel
that I may. not be as good as T would want
to be. m probably be one of the few, rare
musical animals who will just continue
doing what I started off with.”
There are Gelds that offer relief from the
concert stage. One is the recording studio,
but recently Perlman has felt the isolation
of the studio more acutely, and has begun
tending toward live recording. “There is a
special excitement, the rapport that you
fed coming to the stage from the audi-
ence,” Perlman says.
But it is the mass media that allow Perl-
man to leave the elevated plateau of the
concert stage most completely. Does he
really believe that an appearance on the
Tonight Show helps to expand the audi-
ence for classical music?
“People who don’t think so will tell you
that it's not true, that you’re not doing
anything for music, that you’re basically
doing it for yourself. But I really do think
that television has played a very important
role in more promotion of classical musk.
In a sense it’s the strongest way to bring
more music to more people. My being on
talk shows has familiarized countless peo-
ple with fiddle playing. A lot of people
come to my concerts who've never been to
a concert before.”
As to the future, Perlman says only that
“I'd like to continue the way I'm continu-
ing and not stop mnacaDy.” He recalls the
pure joy that can turn even the most hack-
neyed item into a revelation.
“Recently 1 was playing the Mendels-
sohn Concerto, and after 87,000 tim&s how
could that bring you musical joy? I did it in
Paris, with the Orchestra departs and Dan-
iel Barenboim — he’s a genius — and all of
a sudden the Mendelssohn was a different
piece than Td every played before.
“It was like a chain reaction: He would
do something, I would do something, we’d
collaborate, and it was a real breakthrough.
And to have a breakthrough in a Mendels-
sohn Concerto ai age 40 plus is quite excit-
ing. This is what is worth waiting for —
because in the middle of the whole thing
you say lo yourself, *Gee, am I lucky. Ami
in a great profession — to actually make a
living at something I enjoy.’ ”
PE OPLE
A 40th Birthday Port\
For Charles end 1,500
Prince Charles wffl celebrate his
wSSwvwWov- 14 at a party
in an inner-city ana of Btnmr^-
hain. The pany will JejaW Itok-
1500 of the voting people CfaantT
hashdped through tite Prtnces
Trust chari tv he founded. The par-
ty win be held in a once derelict
thm depot as an example of thejoo
and business Minn dewtoped
since 1982. sard Tom Shebbeare,
director of the trust . . ■ The prmce,
a critic of stripped-down modern
architecture, is also scheduled to.
ij i y n« the subject on Oct. 28 m a
British Broadcasting Corp. docu-
mentary. “A Vision of Bntam-
”And Charles's wife Diana, lost tn
tiie second round of a five-round
doubles charity tennis tournament
but improved her performance
from last year's match. jw
□ 'W
Natafia Makarova will bring her
production of the classical Russian
ballet “La Bayadere” From New
York to London next May. fining a
gap in the Royal Ballet's schedule.
Aprod uction of Betyanun Britten's
“The Prince of the Pagodas” was
postponed after Sir Kenneth Mac-
Mfflan, the choreographer, had a
heart attack in August during the
c omp any's Australian tour.
□
David Wise, who wrote the best
seller “The Spy Who Got Away,”
has received a telephone call from
the escaped — . Edward Lee How-
ard. the first CIA agent to ever
defect to the Soviet Union. Howard
called from Budapest to talk
Wise about the book. The former
agent, who fled to Moscow a few
steps ahead of the FBI, told Wise
he had no problems with the book,
although be didn’t like seeing some
of the new information Wise un-
covered detailing Howard’s work
for the KGB. Wise, who lives in
Washington, was pleased to learn
from Howard that the Soviet lead-
er, Mtkhafl S. Gorbachev, and other
officials are reading a translation of
the book.
□
Mickey Mouse will meet Misha
the bear, the Soviet mascot, when
four Watt Disney cartoon classics
are shown in the Soviet Union. So-
viet children will get to see “Snow
White and the Seven Dwarfs.”
“Fantasia,” “Bambi” and “101
Dalmatians” at an officially spon-
sored film festival beginning Oct
16. Orphans will be invited to rite
premiere showings.
t &
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